Yufan Stephanie Wang - Sep 20, 2022 Form 3 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
Chief Legal Officer
Signature
YuFan Stephanie Wang
Stock symbol
PRGS
Transactions as of
Sep 20, 2022
Transactions value $
$0
Form type
3
Date filed
9/30/2022, 04:17 PM
Next filing
Jan 23, 2023

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
holding PRGS Employee Stock Options (Right to buy) Sep 20, 2022 Common Stock 10.2K $45.30 Direct F1
holding PRGS Restricted Stock Units Sep 20, 2022 Common Stock 2.76K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 30, 2022, the Reporting Person was granted 10,213 Employee Stock Options pursuant to Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan. The stock options vest in eight equal semiannual installments beginning April 1, 2023, subject to the continued employment of the Reporting Person with the Company.
F2 On June 30, 2022, the Reporting Person was granted 2,760 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning April 1, 2023, subject to the continued employment of the Reporting Person with the Company.
F3 Restricted stock units convert into common stock on a one-for-one basis.