PROGRESS SOFTWARE CORP /MA 4

Accession 0001465475-15-000005

$PRGSCIK 0000876167operating

View on SEC.gov Company Profile

Filed

Nov 2, 7:00 PM ET

Accepted

Nov 3, 2:04 PM ET

Size

30.2 KB

Accession

0001465475-15-000005

Insider Transaction Report

Form 4

Period: 2015-10-30

PROGRESS SOFTWARE CORP /MAPRGS

Benson David A

Sr. Vice President and CIO

Transactions

Exercise/Conversion
Common Stock
2015-10-30$24.31/sh+1,500$36,465→ 46,062 total
Tax Payment
Common Stock
2015-10-30$24.31/sh−342$8,314→ 46,282 total
Tax Payment
Common Stock
2015-10-30$24.31/sh−253$6,150→ 47,601 total
Exercise/Conversion
Restricted Stock Units
2015-10-30−1,050→ 0 total
→ Common Stock (1,050 underlying)
Exercise/Conversion
Restricted Stock Units
2015-10-30−776→ 0 total
→ Common Stock (776 underlying)
Exercise/Conversion
Common Stock
2015-10-30$24.31/sh+776$18,865→ 47,854 total
Exercise/Conversion
Restricted Stock Units
2015-10-30−1,500→ 0 total
→ Common Stock (1,500 underlying)
Exercise/Conversion
Restricted Stock Units
2015-10-30−1,180→ 0 total
→ Common Stock (1,180 underlying)
Exercise/Conversion
Common Stock
2015-10-30$24.31/sh+1,180$28,686→ 47,462 total
Tax Payment
Common Stock
2015-10-30$24.31/sh−384$9,335→ 47,078 total
Tax Payment
Common Stock
2015-10-30$24.31/sh−488$11,863→ 45,574 total
Exercise/Conversion
Common Stock
2015-10-30$24.31/sh+1,050$25,526→ 46,624 total

Footnotes (14)

[F1]Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 22, 2013.
[F10]As of the date of this filing, 1,573 restricted stock units have already vested and been released, 1,050 restricted stock units vested on the Transaction Date and 525 restricted stock units are cancelled due to termination of employment of the Reporting Person with Issuer.
[F11]On January 7, 2014, the Reporting Person was granted 7,080 restricted stock units, vesting in five installments, with one-third vesting on April 1, 2014 and the remaining restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.
[F12]As of the date of this filing, 5,900 restricted stock units have already vested and been released.
[F13]On January 29, 2015, the Reporting Person was granted 2,327 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2015, subject to the continued employment of the Reporting Person with Issuer.
[F14]As of the date of this filing, 387 restricted stock units have already vested and been released, 776 restricted stock units vested on the Transaction Date and 1,164 restricted stock units are cancelled due to termination of employment of the Reporting Person with Issuer.
[F2]Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 13, 2014.
[F3]Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 7, 2014.
[F4]Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 29, 2015.
[F5]Restricted stock units convert into common stock on a one-for-one basis.
[F6]Reflects the accelerated vesting of all or a portion of previously granted restricted stock units immediately prior to the termination of employment of the Reporting Person with Issuer.
[F7]On January 22, 2013, the Reporting Person was granted 9,000 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Issuer.
[F8]As of the date of this filing, 7,500 restricted stock units have already vested and been released.
[F9]On January 13, 2014, the Reporting Person was granted 3,148 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2014, subject to the continued employment of the Reporting Person with Issuer.

Documents

2 files

Issuer

PROGRESS SOFTWARE CORP /MA

CIK 0000876167

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0000876167

Filing Metadata

Form type: 4
Filed: Nov 2, 7:00 PM ET
Accepted: Nov 3, 2:04 PM ET
Size: 30.2 KB

View on SEC.gov