Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2023-10-03 00:00:00 ET · period of report 2023-10-01 · accession 0000876167-23-000180 · 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 | 2023-10-03 | 2023-10-02 | PRGS | Kulikoski Kathryn | CHRO | S - Sale+OE | $52.50 | -1,487 | 3,314 | -31% | -$78.1K |
| DM | 2023-10-03 | 2023-10-01+ | PRGS | Kulikoski Kathryn | CHRO | M - OptEx | $16.67 | +3,802 | 2,719 | New | +$63.4K |
| DM | 2023-10-03 | 2023-10-01 | PRGS | Kulikoski Kathryn | CHRO | F - Tax | $53.16 | -1,074 | 3,314 | -24% | -$57.1K |
| DM | 2023-10-03 | 2023-10-01+ | PRGS | Kulikoski Kathryn | CHRO | M - OptEx | $0.00 | -3,802 | 2,529 | -60% | $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 | 2023-10-02 | S | D | 1,487 | $52.50 | 3,314 | D | — | — | |
| 2 | Common | Common Stock | 2023-10-02 | M | A | 1,487 | $42.61 | 4,801 | D | — | — | |
| 3 | Common | Common Stock | 2023-10-01 | M | A | 826 | $0.00 | 3,697 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2023-10-01 | F | D | 391 | $53.16 | 2,871 | 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 January 20, 2022. |
| 5 | Common | Common Stock | 2023-10-01 | M | A | 843 | $0.00 | 3,262 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 6 | Common | Common Stock | 2023-10-01 | F | D | 300 | $53.16 | 2,419 | D | — | — | (F2) Represents shares of common stock withheld by Progress Software Corporation (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 | 2023-10-01 | M | A | 646 | $0.00 | 2,719 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 8 | Common | Common Stock | 2023-10-01 | F | D | 383 | $53.16 | 3,314 | 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 19, 2023. |
| 9 | Derivative | Restricted Stock Units | 2023-10-01 | M | D | 646 | $0.00 | 646 | D | — · — to — | 646 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F6) On January 19, 2021, the Reporting Person was granted 3,874 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. |
| 10 | Derivative | Employee Stock Options | 2023-10-02 | M | D | 1,487 | $0.00 | 8,918 | D | $42.61 · — to 2028-01-18 | 1,487 Common Stock | (F9) Options were granted to the Reporting Person on January 19, 2021 under the Company's 2008 Stock Option and Incentive Plan. As of October 1, 2023, 7,434 options were vested and exercisable. |
| 11 | Derivative | Restricted Stock Units | 2023-10-01 | M | D | 826 | $0.00 | 4,135 | D | — · — to — | 826 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F8) On January 19, 2023, the Reporting Person was granted 4,961 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, 2023, subject to the continued employment of the Reporting Person with the Company. |
| 12 | Derivative | Restricted Stock Units | 2023-10-01 | M | D | 843 | $0.00 | 2,529 | D | — · — to — | 843 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F7) On January 20, 2022, the Reporting Person was granted 5,058 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, 2022, subject to the continued employment of the Reporting Person with the Company. |