0000876167-24-000076.txt : 20240403
0000876167-24-000076.hdr.sgml : 20240403
20240403162406
ACCESSION NUMBER: 0000876167-24-000076
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240401
FILED AS OF DATE: 20240403
DATE AS OF CHANGE: 20240403
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gupta Yogesh K
CENTRAL INDEX KEY: 0001301277
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-19417
FILM NUMBER: 24819114
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]
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_1712175833.xml
FORM 4
X0508
4
2024-04-01
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
1
Common Stock
2024-04-01
4
M
0
5282
0
A
191840
D
Common Stock
2024-04-01
4
F
0
2554
52.97
D
189286
D
Common Stock
2024-04-01
4
M
0
6181
0
A
195467
D
Common Stock
2024-04-01
4
F
0
2989
52.97
D
192478
D
Common Stock
2024-04-01
4
M
0
6808
0
A
199286
D
Common Stock
2024-04-01
4
F
0
3292
52.97
D
195994
D
Common Stock
2024-04-01
4
S
0
47212
52.4809
D
148782
D
Common Stock
2024-04-01
4
S
0
3596
53.3573
D
145186
D
Restricted Stock Units
2024-04-01
4
M
0
5282
0
D
Common Stock
5282
0
D
Restricted Stock Units
2024-04-01
4
M
0
6181
0
D
Common Stock
6181
12363
D
Restricted Stock Units
2024-04-01
4
M
0
6808
0
D
Common Stock
6808
27233
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 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.
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, 2023.
The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 11, 2023.
This transaction was executed in multiple trades at prices ranging from $52.14 to $53.10 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.
This transaction was executed in multiple trades at prices ranging from $53.19 to $53.70 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 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.
On January 19, 2023, the Reporting Person was granted 40,849 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, 2023, subject to the continued employment of the Reporting Person with the Company.
YuFan Stephanie Wang, Attorney-in-Fact
2024-04-03