Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2024-07-31 00:00:00 ET · period of report 2024-07-29 · accession 0000876167-24-000133 · 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 | 2024-07-31 | 2024-07-29 | PRGS | Ainsworth John | EVP, GM App, Data Platform | M - OptEx | $50.69 | +13.3K | 45.3K | +41% | +$672.7K |
| D | 2024-07-31 | 2024-07-29 | PRGS | Ainsworth John | EVP, GM App, Data Platform | F - Tax | $58.09 | -12.3K | 32.9K | -27% | -$716.3K |
| D | 2024-07-31 | 2024-07-29 | PRGS | Ainsworth John | EVP, GM App, Data Platform | M - OptEx | $0.00 | -13.3K | 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 | 2024-07-29 | M | A | 13,271 | $50.69 | 45,273 | D | — | — | (F1) This Form 4 is being filed to report the exercise of stock options for a total of 13,271 shares, of which: (i) 11,582 shares owned by the Reporting Person were exchanged to cover the cost of the option exercise and (ii) 749 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 940 shares of common stock. |
| 2 | Common | Common Stock | 2024-07-29 | F | D | 12,331 | $58.09 | 32,942 | D | — | — | (F1) This Form 4 is being filed to report the exercise of stock options for a total of 13,271 shares, of which: (i) 11,582 shares owned by the Reporting Person were exchanged to cover the cost of the option exercise and (ii) 749 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 940 shares of common stock. |
| 3 | Derivative | Employee Stock Options | 2024-07-29 | M | D | 13,271 | $0.00 | 0 | D | $50.69 · — to 2025-01-11 | 13,271 Common Stock | (F2) 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. |