Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2023-08-04 00:00:00 ET · period of report 2023-08-03 · accession 0000876167-23-000153 · 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 | 2023-08-04 | 2023-08-03 | PRGS | Gupta Yogesh K | CEO, Dir | M - OptEx | $28.98 | +149.6K | 275.9K | +118% | +$4.33M |
| D | 2023-08-04 | 2023-08-03 | PRGS | Gupta Yogesh K | CEO, Dir | F - Tax | $60.38 | -109.4K | 166.5K | -40% | -$6.61M |
| D | 2023-08-04 | 2023-08-03 | PRGS | Gupta Yogesh K | CEO, Dir | M - OptEx | $0.00 | -149.6K | 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 | 2023-08-03 | M | A | 149,573 | $28.98 | 275,887 | D | — | — | (F1) This Form 4 is being filed to report the exercise of stock options for a total of 149,573 shares, of which: (i) 71,793 shares owned by the Reporting Person were exchanged to cover the cost of the option exercise and (ii) 37,606 shares owned by the Reporting Person were withheld by Progress Software Corporation (the "Company") to pay the tax withholding obligations of the Reporting Person upon exercise of the stock options. As a result of this exercise, the Reporting Person acquired ownership of 40,174 shares of common stock. (F2) Includes 584 shares of common stock acquired by the Reporting Person on March 31, 2023 through the Company's Employee Stock Purchase Plan. |
| 2 | Common | Common Stock | 2023-08-03 | F | D | 109,399 | $60.38 | 166,488 | D | — | — | (F1) This Form 4 is being filed to report the exercise of stock options for a total of 149,573 shares, of which: (i) 71,793 shares owned by the Reporting Person were exchanged to cover the cost of the option exercise and (ii) 37,606 shares owned by the Reporting Person were withheld by Progress Software Corporation (the "Company") to pay the tax withholding obligations of the Reporting Person upon exercise of the stock options. As a result of this exercise, the Reporting Person acquired ownership of 40,174 shares of common stock. |
| 3 | Derivative | Employee Stock Options | 2023-08-03 | M | D | 149,573 | $0.00 | 0 | D | $28.98 · — to 2024-02-23 | 149,573 Common Stock | (F3) Options were granted to the Reporting Person on February 23, 2017 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2021, 149,573 options were vested and exercisable. |