Bates John 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Oct 18, 2011
Insider Transaction Report
Form 4
Bates John
Sr. VP,CTO,Head of Corp. Dev.
Transactions
- Award
Common Stock
2011-10-14$20.73/sh+10,000$207,300→ 35,546 total
Footnotes (1)
- [F1]Represents restricted stock units acquired by Reporting Person as a special award 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. Half of the restricted stock units vest on June 15, 2012, and the remaining portion of the total award shall vest on January 15, 2013, subject to the continued employment of the Reporting Person with Progress Software Corporation.