0000876167-19-000014.txt : 20190124
0000876167-19-000014.hdr.sgml : 20190124
20190124161518
ACCESSION NUMBER: 0000876167-19-000014
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190122
FILED AS OF DATE: 20190124
DATE AS OF CHANGE: 20190124
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gupta Yogesh K
CENTRAL INDEX KEY: 0001301277
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-19417
FILM NUMBER: 19540148
MAIL ADDRESS:
STREET 1: C/O PROGRESS SOFTWARE CORPORATION
STREET 2: 14 OAK PARK DRIVE
CITY: BEDFORD
STATE: MA
ZIP: 01730
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PROGRESS SOFTWARE CORP /MA
CENTRAL INDEX KEY: 0000876167
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 042746201
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1130
BUSINESS ADDRESS:
STREET 1: 14 OAK PARK DRIVE
CITY: BEDFORD
STATE: MA
ZIP: 01730
BUSINESS PHONE: 781-280-4473
MAIL ADDRESS:
STREET 1: 14 OAK PARK DRIVE
CITY: BEDFORD
STATE: MA
ZIP: 01730
4
1
wf-form4_154836450245734.xml
FORM 4
X0306
4
2019-01-22
0
0000876167
PROGRESS SOFTWARE CORP /MA
PRGS
0001301277
Gupta Yogesh K
C/O PROGRESS SOFTWARE CORPORATION
14 OAK PARK DRIVE
BEDFORD
MA
01730
1
1
0
0
Chief Executive Officer
Restricted Stock Units
2019-01-22
4
A
0
31529
0
A
Common Stock
31529.0
31529
D
Employee Stock Options
34.73
2019-01-22
4
A
0
100275
0
A
2026-01-22
Common Stock
100275.0
100275
D
Restricted Stock Units
2019-01-22
4
A
0
52549
0
A
Common Stock
52549.0
52549
D
Each restricted stock unit represents a contingent right to receive one share of Progress Software Corporation's (the "Company's") common stock.
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, 2019, subject to the continued employment of the Reporting Person with the Company.
The stock options vest in eight equal semiannual installments beginning on October 1, 2019, subject to the continued employment of the Reporting Person with the Company.
Represents performance-based restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest on February 1, 2022, subject to the Company meeting total shareholder return and operating income criteria over the three-year period ending November 30, 2021, and the continued employment of the Reporting Person with the Company.
Stephen H. Faberman, Attorney-in-Fact
2019-01-24