Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2023-04-24 00:00:00 ET · period of report 2023-04-20 · accession 0000876167-23-000095 · 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 | 2023-04-24 | 2023-04-20 | PRGS | Jarrett Loren | EVP, GM Digital Experience | S - Sale+OE | $56.58 | -46.0K | 9,961 | -82% | -$2.60M |
| DM | 2023-04-24 | 2023-04-20 | PRGS | Jarrett Loren | EVP, GM Digital Experience | M - OptEx | $36.99 | +36.8K | 42.7K | +617% | +$1.36M |
| DM | 2023-04-24 | 2023-04-20 | PRGS | Jarrett Loren | EVP, GM Digital Experience | M - OptEx | $0.00 | -36.8K | 0 | -100% | $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 | 2023-04-20 | S | D | 13,271 | $56.57 | 19,228 | D | — | — | (F3) This transaction was executed in multiple trades at prices ranging from $56.17 to $56.85 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 | 2023-04-20 | M | A | 13,271 | $50.69 | 32,499 | D | — | — | |
| 3 | Common | Common Stock | 2023-04-20 | S | D | 23,490 | $56.58 | 19,228 | D | — | — | (F2) This transaction was executed in multiple trades at prices ranging from $56.27 to $56.855 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. |
| 4 | Common | Common Stock | 2023-04-20 | S | D | 9,267 | $56.57 | 9,961 | D | — | — | (F4) This transaction was executed in multiple trades at prices ranging from $56.19 to $56.85 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. |
| 5 | Common | Common Stock | 2023-04-20 | M | A | 23,490 | $29.25 | 42,718 | D | — | — | |
| 6 | Derivative | Employee Stock Options | 2023-04-20 | M | D | 23,490 | $0.00 | 0 | D | $29.25 · — to 2024-02-16 | 23,490 Common Stock | (F5) Options were granted to the Reporting Person on February 17, 2017 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2021, 23,490 options were vested and exercisable. |
| 7 | Derivative | Employee Stock Options | 2023-04-20 | M | D | 13,271 | $0.00 | 0 | D | $50.69 · — to 2025-01-11 | 13,271 Common Stock | (F6) Options were granted to the Reporting Person on January 12, 2018 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2022, 13,271 options were vested and exercisable. |