Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2024-01-22 00:00:00 ET · period of report 2024-01-18 · accession 0000876167-24-000023 · 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 | 2024-01-22 | 2024-01-18 | PRGS | LoCoco Domenic | CAO | M - OptEx | $50.69 | +4,503 | 7,403 | +155% | +$228.3K |
| D | 2024-01-22 | 2024-01-18 | PRGS | LoCoco Domenic | CAO | S - Sale+OE | $57.00 | -4,503 | 2,900 | -61% | -$256.7K |
| D | 2024-01-22 | 2024-01-18 | PRGS | LoCoco Domenic | CAO | A - Grant | $0.00 | +4,842 | 4,842 | New | $0 |
| D | 2024-01-22 | 2024-01-18 | PRGS | LoCoco Domenic | CAO | M - OptEx | $57.00 | -4,503 | 0 | -100% | -$256.7K |
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 | 2024-01-18 | M | A | 4,503 | $50.69 | 7,403 | D | — | — | (F1) Includes 105 shares of common stock acquired by the Reporting Person on December 31, 2023 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan. |
| 2 | Common | Common Stock | 2024-01-18 | S | D | 4,503 | $57.00 | 2,900 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2024-01-18 | A | A | 4,842 | $0.00 | 4,842 | D | — · — to — | 4,842 Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. (F5) Represents restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2024, subject to the continued employment of the Reporting Person with the Company. |
| 4 | Derivative | Employee Stock Options (Right to buy) | 2024-01-18 | M | D | 4,503 | $57.00 | 0 | D | $50.69 · — to 2025-01-11 | 4,503 Common Stock | (F3) 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, 4,503 shares were vested and exercisable. |