PROGRESS SOFTWARE CORP /MA 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Oct 14, 2015
Insider Transaction Report
Form 4
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.