Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2023-08-10 00:00:00 ET · period of report 2023-08-08 · accession 0000876167-23-000156 · 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 | 2023-08-10 | 2023-08-08 | PRGS | Ainsworth John | EVP, GM App, Data Platform | M - OptEx | $29.25 | +23.5K | 66.0K | +55% | +$687.1K |
| D | 2023-08-10 | 2023-08-08 | PRGS | Ainsworth John | EVP, GM App, Data Platform | F - Tax | $60.90 | -16.7K | 49.3K | -25% | -$1.02M |
| D | 2023-08-10 | 2023-08-08 | PRGS | Ainsworth John | EVP, GM App, Data Platform | M - OptEx | $0.00 | -23.5K | 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 | 2023-08-08 | M | A | 23,490 | $29.25 | 66,006 | D | — | — | (F1) This Form 4 is being filed to report the exercise of stock options for a total of 23,490 shares, of which: (i) 11,283 shares owned by the Reporting Person were exchanged to cover the cost of the option exercise and (ii) 5,413 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 6,794 shares of common stock. |
| 2 | Common | Common Stock | 2023-08-08 | F | D | 16,696 | $60.90 | 49,310 | D | — | — | (F1) This Form 4 is being filed to report the exercise of stock options for a total of 23,490 shares, of which: (i) 11,283 shares owned by the Reporting Person were exchanged to cover the cost of the option exercise and (ii) 5,413 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 6,794 shares of common stock. |
| 3 | Derivative | Employee Stock Options | 2023-08-08 | M | D | 23,490 | $0.00 | 0 | D | $29.25 · — to 2024-02-16 | 23,490 Common Stock | (F2) 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. |