Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2021-10-05 00:00:00 ET · period of report 2021-10-01 · accession 0000876167-21-000144 · 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 | FABERMAN STEPHEN H | CLO | F - Tax | $49.67 | -1,413 | 93.7K | -1% | -$70.2K |
| DM | 2021-10-05 | 2021-10-01 | PRGS | FABERMAN STEPHEN H | CLO | M - OptEx | $0.00 | +3,333 | 94.6K | +4% | $0 |
| DM | 2021-10-05 | 2021-10-01 | PRGS | FABERMAN STEPHEN H | CLO | M - OptEx | $0.00 | -3,333 | 1,008 | -77% | $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 | 427 | $49.67 | 93,276 | 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 22, 2019. |
| 2 | Common | Common Stock | 2021-10-01 | M | A | 1,008 | $0.00 | 93,703 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2021-10-01 | F | D | 273 | $49.67 | 92,695 | 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 October 15, 2018. |
| 4 | Common | Common Stock | 2021-10-01 | M | A | 644 | $0.00 | 92,968 | 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: 675 shares on March 31, 2021 and 105 shares on June 30, 2021. |
| 5 | Common | Common Stock | 2021-10-01 | M | A | 742 | $0.00 | 94,018 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 6 | Common | Common Stock | 2021-10-01 | F | D | 398 | $49.67 | 94,244 | D | — | — | (F6) 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. |
| 7 | Common | Common Stock | 2021-10-01 | M | A | 939 | $0.00 | 94,642 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 8 | Common | Common Stock | 2021-10-01 | F | D | 315 | $49.67 | 93,703 | 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 21, 2020. |
| 9 | Derivative | Restricted Stock Units | 2021-10-01 | M | D | 644 | $0.00 | 0 | D | — · — to — | 644 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F7) On October 15, 2018, the Reporting Person was granted 3,860 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. One-third of the restricted stock units vest beginning October 1, 2019 and the remaining restricted stock units vest in four equal semiannual installments beginning April 1, 2020, subject to the continued employment of the Reporting Person with the Company. |
| 10 | Derivative | Restricted Stock Units | 2021-10-01 | M | D | 742 | $0.00 | 2,227 | D | — · — to — | 742 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F9) On January 21, 2020, the Reporting Person was granted 4,453 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. |
| 11 | Derivative | Restricted Stock Units | 2021-10-01 | M | D | 939 | $0.00 | 4,695 | D | — · — to — | 939 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F10) On January 19, 2021, the Reporting Person was granted 5,634 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. |
| 12 | Derivative | Restricted Stock Units | 2021-10-01 | M | D | 1,008 | $0.00 | 1,008 | D | — · — to — | 1,008 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F8) On January 22, 2019, the Reporting Person was granted 6,047 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. |