Bates John 4
4 · PROGRESS SOFTWARE CORP /MA · Filed May 2, 2011
Insider Transaction Report
Form 4
Bates John
Sr. VP,CTO,Head of Corp. Dev.
Transactions
- Award
Common Stock
2011-04-28$29.64/sh+7,000$207,480→ 25,043 total - Award
Stock Option
2011-04-28+25,000→ 25,000 totalExercise: $29.64Exp: 2018-04-28→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]Represents restricted stock units acquired by reporting person on April 28, 2011 pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. Each restricted stock unit vests in six equal semiannual installments beginning on October 1, 2011, subject to the continued employment of the reporting person with Progress Software Corporation.
- [F2]Two-forty-eights (2/48) of the option were vested and exercisable on the grant date. The remaining options vest in 46 equal monthly increments commencing on May 1, 2011.