PROGRESS SOFTWARE CORP /MA 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Jan 9, 2014
Insider Transaction Report
Form 4
Zupsic Andrew
SVP, Global Field Operations
Transactions
- Award
Restricted Stock Unit
2014-01-07+14,160→ 14,160 total→ Common Stock (14,160 underlying)
Footnotes (1)
- [F1]Represents restricted stock units acquired by the Reporting Person upon conversion of performance share units relating to FY13 performance 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. One-third of the restricted stock units vest on April 1, 2014, with the remaining restricted stock units vesting in four semiannual installments over two years, subject to the continued employment of the Reporting Person with Progress Software Corporation.