Bates John 4
4 · PROGRESS SOFTWARE CORP /MA · Filed May 31, 2012
Insider Transaction Report
Form 4
Bates John
Sr. VP,CTO,Head of Corp. Dev.
Transactions
- Award
Common Stock
2012-05-28+2,000→ 42,961 total - Award
Common Stock
2012-05-28+16,250→ 40,961 total
Footnotes (2)
- [F1]Represents restricted stock units acquired by the Reporting Person 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, 2012, subject to the continued employment of the Reporting Person with Progress Software Corporation.
- [F2]Represents restricted stock units acquired by the Reporting Person 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 on June 1, 2013, subject to the continued employment of the Reporting Person with Progress Software Corporation.