PROGRESS SOFTWARE CORP /MA 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Jan 15, 2014
Insider Transaction Report
Form 4
Zupsic Andrew
SVP, Global Field Operations
Transactions
- Award
Performance Share Units
2014-01-13+29,375→ 29,375 total→ Common Stock (29,375 underlying) - Award
Restricted Stock Unit
2014-01-13+14,688→ 14,688 total→ Common Stock (14,688 underlying)
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. The restricted stock units vest in six equal semiannual installments beginning on October 1, 2014, subject to the continued employment of the Reporting Person with Progress Software Corporation.
- [F2]Represents performance-based restricted stock units that vest based on Progress Software Corporation total shareholder return over a three-year period, as will be determined at the first meeting of the Progress Software Corporation's compensation committee following November 30, 2016.