0000876167-24-000047.txt : 20240202
0000876167-24-000047.hdr.sgml : 20240202
20240202173228
ACCESSION NUMBER: 0000876167-24-000047
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240131
FILED AS OF DATE: 20240202
DATE AS OF CHANGE: 20240202
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FOLGER ANTHONY
CENTRAL INDEX KEY: 0001566737
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-19417
FILM NUMBER: 24592984
MAIL ADDRESS:
STREET 1: C/O CARBONITE, INC.
STREET 2: 177 HUNTINGTON AVENUE
CITY: BOSTON
STATE: MA
ZIP: 02115
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PROGRESS SOFTWARE CORP /MA
CENTRAL INDEX KEY: 0000876167
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
ORGANIZATION NAME: 06 Technology
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
wk-form4_1706913128.xml
FORM 4
X0508
4
2024-01-31
0
0000876167
PROGRESS SOFTWARE CORP /MA
PRGS
0001566737
FOLGER ANTHONY
C/O PROGRESS SOFTWARE CORPORATION
15 WAYSIDE ROAD, SUITE 400
BURLINGTON
MA
01803
0
1
0
0
Chief Financial Officer
1
Common Stock
2024-01-31
4
M
0
7500
31.49
A
31365
D
Common Stock
2024-01-31
4
S
0
7500
57.312
D
23865
D
Common Stock
2024-02-01
4
M
0
37164
0
A
61029
D
Common Stock
2024-02-01
4
F
0
16483
57.14
D
44546
D
Common Stock
2024-02-02
4
S
0
7500
57.4064
D
37046
D
Employee Stock Options (Right to buy)
31.49
2024-01-31
4
M
0
7500
0
D
2027-03-29
Common Stock
7500
32894
D
Restricted Stock Units
2024-02-01
4
M
0
37164
0
D
Common Stock
37164
0
D
The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 17, 2023.
This transaction was executed in multiple trades at prices ranging from $57.135 to $57.58 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
On January 19, 2021, the Reporting Person was granted 19,954 performance-based restricted stock units pursuant to Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan and 2019 Long Term Incentive Plan. Based on the Company meeting relative total shareholder return and cumulative operating income criteria over the three-year period ending November 30, 2023, the amount shown is the amount of performance-based restricted stock units that vested under the 2019 Long Term Incentive Plan on February 1, 2024.
Restricted stock units convert into common stock on a one-for-one basis.
Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 19, 2021.
This transaction was executed in multiple trades at prices ranging from $57.11 to $57.92 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
Options were granted to the Reporting Person on March 30, 2020 under the Company's 2008 Stock Option and Incentive Plan. As of October 1, 2023, 44,095 options were vested and exercisable.
YuFan Stephanie Wang, Attorney-in-Fact
2024-02-02