Levy Robert 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Apr 29, 2010
Insider Transaction Report
Form 4
Levy Robert
Sr. VP, Chief Product Officer
Transactions
- Award
Common Stock
2010-04-27+32,000→ 32,000 total
Footnotes (1)
- [F1]Represents part of a new hire grant of restricted stock units acquired by reporting person on April 27, 2010 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, 2010, subject to the continued employment of the reporting person with Progress Software Corporation.