PROGRESS SOFTWARE CORP /MA 4

Accession 0001540670-15-000005

$PRGSCIK 0000876167operating

View on SEC.gov Company Profile

Filed

Oct 13, 8:00 PM ET

Accepted

Oct 14, 5:18 PM ET

Size

30.3 KB

Accession

0001540670-15-000005

Insider Transaction Report

Form 4

Period: 2015-10-09

PROGRESS SOFTWARE CORP /MAPRGS

Aquilina Antonio J.

SVP, Strategy & Corp. Dev.

Transactions

Award
Common Stock
2015-10-09$23.60/sh+1,967$46,421→ 42,302 total
Exercise/Conversion
Restricted Stock Units
2015-10-09−2,500→ 0 total
→ Common Stock (2,500 underlying)
Exercise/Conversion
Restricted Stock Units
2015-10-09−1,034→ 0 total
→ Common Stock (1,034 underlying)
Award
Common Stock
2015-10-09$23.60/sh+2,500$59,000→ 39,968 total
Tax Payment
Common Stock
2015-10-09$23.60/sh−813$19,187→ 39,155 total
Tax Payment
Common Stock
2015-10-09$23.60/sh−640$15,104→ 41,662 total
Exercise/Conversion
Restricted Stock Units
2015-10-09−1,749→ 0 total
→ Common Stock (1,749 underlying)
Award
Common Stock
2015-10-09$23.60/sh+1,034$24,402→ 42,696 total
Award
Common Stock
2015-10-09$23.60/sh+1,749$41,276→ 40,904 total
Tax Payment
Common Stock
2015-10-09$23.60/sh−569$13,428→ 40,335 total
Tax Payment
Common Stock
2015-10-09$23.60/sh−337$7,953→ 42,359 total
Exercise/Conversion
Restricted Stock Units
2015-10-09−1,967→ 0 total
→ Common Stock (1,967 underlying)

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, 2,622 restricted stock units have already vested and been released. 1,749 restricted stock units vested on the Transaction Date and 875 restricted stock units cancelled due to termination of employment of the Reporting Person with Issuer.
[F11]On January 7, 2014, the Reporting Person was granted 11,800 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, 9,833 restricted stock units have already vested and been released.
[F13]On January 29, 2015, the Reporting Person was granted 3,102 restricted stock units, vesting in five installments, with four 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, 517 restricted stock units have already vested and been released. 1,034 restricted stock units vested on the Transaction Date and 1,551 restricted stock units 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 15,000 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, 12,500 restricted stock units have already vested and been released.
[F9]On January 13, 2014, the Reporting Person was granted 5,246 restricted stock units, vesting in five installments, with four 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: Oct 13, 8:00 PM ET
Accepted: Oct 14, 5:18 PM ET
Size: 30.3 KB

View on SEC.gov