0000876167-22-000181.txt : 20221005 0000876167-22-000181.hdr.sgml : 20221005 20221005165944 ACCESSION NUMBER: 0000876167-22-000181 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221003 FILED AS OF DATE: 20221005 DATE AS OF CHANGE: 20221005 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: 221296295 MAIL ADDRESS: STREET 1: C/O PROGRESS SOFTWARE CORPORATION STREET 2: 15 WAYSIDE ROAD, SUITE 400 CITY: BURLINGTON STATE: MA ZIP: 01803 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: 15 WAYSIDE ROAD, SUITE 400 CITY: BURLINGTON STATE: MA ZIP: 01803 BUSINESS PHONE: 781-280-4473 MAIL ADDRESS: STREET 1: 15 WAYSIDE ROAD, SUITE 400 CITY: BURLINGTON STATE: MA ZIP: 01803 4 1 wf-form4_166500356459959.xml FORM 4 X0306 4 2022-10-03 0 0000876167 PROGRESS SOFTWARE CORP /MA PRGS 0001301277 Gupta Yogesh K C/O PROGRESS SOFTWARE CORPORATION 15 WAYSIDE ROAD, SUITE 400 BURLINGTON MA 01803 1 1 0 0 Chief Executive Officer Common Stock 2022-10-03 4 M 0 4082 0 A 81762 D Common Stock 2022-10-03 4 F 0 1811 42.805 D 79951 D Common Stock 2022-10-03 4 M 0 5282 0 A 85233 D Common Stock 2022-10-03 4 F 0 2343 42.805 D 82890 D Common Stock 2022-10-03 4 M 0 6181 0 A 89071 D Common Stock 2022-10-03 4 F 0 2742 42.805 D 86329 D Common Stock 65000 I By Irrevocable Trust Restricted Stock Units 2022-10-03 4 M 0 4082 0 D Common Stock 4082.0 4082 D Restricted Stock Units 2022-10-03 4 M 0 5282 0 D Common Stock 5282.0 15846 D Restricted Stock Units 2022-10-03 4 M 0 6181 0 D Common Stock 6181.0 30906 D Restricted stock units convert into common stock on a one-for-one basis. 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 21, 2020. 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, 2021. 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. These shares are held in a trust for the benefit of the reporting person's spouse and children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the inclusion of these securities in this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. On January 21, 2020, the Reporting Person was granted 24,492 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, 2020, subject to the continued employment of the Reporting Person with the Company. On January 19, 2021, the Reporting Person was granted 31,691 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. On January 20, 2022, the Reporting Person was granted 37,087 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. YuFan Stephanie Wang, Attorney-in-Fact 2022-10-05