Gary Quinn - Nov 2, 2021 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
Executive Vice President
Signature
Stephen H. Faberman, Attorney-in-Fact
Stock symbol
PRGS
Transactions as of
Nov 2, 2021
Transactions value $
-$600,709
Form type
4
Date filed
11/4/2021, 05:31 PM
Previous filing
Oct 5, 2021
Next filing
Jan 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $952K +24.9K +253.99% $38.17 34.8K Nov 2, 2021 Direct
transaction PRGS Common Stock Sale -$1.3M -24.9K -71.75% $52.14 9.82K Nov 2, 2021 Direct F1
transaction PRGS Common Stock Options Exercise $122K +3.2K +32.56% $38.17 13K Nov 3, 2021 Direct
transaction PRGS Common Stock Sale -$166K -3.2K -24.56% $52.05 9.82K Nov 3, 2021 Direct F2
transaction PRGS Common Stock Options Exercise $417K +12K +122.44% $34.73 21.8K Nov 3, 2021 Direct
transaction PRGS Common Stock Sale -$626K -12K -55.04% $52.05 9.82K Nov 3, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PRGS Employee Stock Options (Right to buy) Options Exercise $0 -24.9K -88.64% $0.00 3.2K Nov 2, 2021 Common Stock 24.9K $38.17 Direct F3
transaction PRGS Employee Stock Options (Right to buy) Options Exercise $0 -3.2K -100% $0.00* 0 Nov 3, 2021 Common Stock 3.2K $38.17 Direct F3
transaction PRGS Employee Stock Options (Right to buy) Options Exercise $0 -12K -62.5% $0.00 7.21K Nov 3, 2021 Common Stock 12K $34.73 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $52.00 to $52.305 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F2 This transaction was executed in multiple trades at prices ranging from $52.00 to $52.335 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F3 Options were granted to the Reporting Person on September 29, 2017 under Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan. As of October 1, 2021, all options were vested and exercisable.
F4 Options were granted to the Reporting Person on January 22, 2019 under the Company's 2008 Stock Option and Incentive Plan. 12,020 options are vested and exercisable.