Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2023-02-07 00:00:00 ET · period of report 2023-02-03 · accession 0000876167-23-000058 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-07 | 2023-02-03 | PRGS | Pitt Ian | CIO | S - Sale+OE | $56.82 | -3,970 | 1,132 | -78% | -$225.6K |
| DM | 2023-02-07 | 2023-02-03 | PRGS | Pitt Ian | CIO | M - OptEx | $48.47 | +3,452 | 3,704 | +1,370% | +$167.3K |
| DM | 2023-02-07 | 2023-02-03 | PRGS | Pitt Ian | CIO | M - OptEx | $0.00 | -3,452 | 9,786 | -26% | $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 | 2023-02-03 | S | D | 3,970 | $56.82 | 1,132 | D | — | — | (F1) This transaction was executed in multiple trades at prices ranging from $56.26 to $57.25 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. |
| 2 | Common | Common Stock | 2023-02-03 | M | A | 1,398 | $44.49 | 5,102 | D | — | — | |
| 3 | Common | Common Stock | 2023-02-03 | M | A | 2,054 | $51.18 | 3,704 | D | — | — | |
| 4 | Derivative | Employee Stock Options (Right to buy) | 2023-02-03 | M | D | 2,054 | $0.00 | 6,157 | D | $51.18 · — to 2028-09-26 | 2,054 Common Stock | (F2) Options were granted to the Reporting Person on September 27, 2021 under Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan. As of October 1, 2022, 2,054 options were vested and exercisable. |
| 5 | Derivative | Employee Stock Options (Right to buy) | 2023-02-03 | M | D | 1,398 | $0.00 | 9,786 | D | $44.49 · — to 2029-01-19 | 1,398 Common Stock | (F3) Options were granted to the Reporting Person on January 20, 2022 under the Company's 2008 Stock Option and Incentive Plan. As of October 1, 2022, 1,398 options were vested and exercisable. |