Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2021-10-05 00:00:00 ET · period of report 2021-10-01 · accession 0000876167-21-000142 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-10-05 | 2021-10-01 | PRGS | Gupta Yogesh K | CEO, Dir | F - Tax | $49.67 | -6,485 | 28.2K | -19% | -$322.1K |
| DM | 2021-10-05 | 2021-10-01 | PRGS | Gupta Yogesh K | CEO, Dir | M - OptEx | $0.00 | +14.6K | 30.6K | +92% | $0 |
| DM | 2021-10-05 | 2021-10-01 | PRGS | Gupta Yogesh K | CEO, Dir | M - OptEx | $0.00 | -14.6K | 12.2K | -54% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-10-01 | F | D | 2,331 | $49.67 | 23,020 | D | — | — | (F3) Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 22, 2019. |
| 2 | Common | Common Stock | 2021-10-01 | M | A | 4,082 | $0.00 | 27,102 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2021-10-01 | F | D | 1,811 | $49.67 | 25,291 | D | — | — | (F4) Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 21, 2020. |
| 4 | Common | Common Stock | 2021-10-01 | F | D | 2,343 | $49.67 | 28,229 | D | — | — | (F5) Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 19, 2021. |
| 5 | Common | Common Stock | 2021-10-01 | M | A | 5,255 | $0.00 | 25,351 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F2) Includes 780 shares of common stock acquired by the Reporting Person through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan on March 31, 2021. |
| 6 | Common | Common Stock | 2021-10-01 | M | A | 5,281 | $0.00 | 30,572 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 7 | Derivative | Restricted Stock Units | 2021-10-01 | M | D | 5,255 | $0.00 | 5,255 | D | — · — to — | 5,255 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F7) On January 22, 2019, the Reporting Person was granted 31,529 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 October 1, 2019, subject to the continued employment of the Reporting Person with the Company. |
| 8 | Derivative | Restricted Stock Units | 2021-10-01 | M | D | 5,281 | $0.00 | 26,410 | D | — · — to — | 5,281 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F9) On January 19, 2021, the Reporting Person was granted 31,691 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 October 1, 2021, subject to the continued employment of the Reporting Person with the Company. |
| 9 | Derivative | Restricted Stock Units | 2021-10-01 | M | D | 4,082 | $0.00 | 12,246 | D | — · — to — | 4,082 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F8) On January 21, 2020, the Reporting Person was granted 24,492 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 October 1, 2020, subject to the continued employment of the Reporting Person with the Company. |