X0304 4 2011-10-14 0000876167 PROGRESS SOFTWARE CORP /MA PRGS 0001189174 EGAN JOHN R 14 OAK PARK DRIVE BEDFORD MA 01730 1 0 0 0 Common Stock 2011-10-14 4 A 0 8442 20.73 A 8442 D Stock Option 20.73 2011-10-14 4 A 0 27125 0 A 2018-10-14 Common Stock 27125 27125 D Stock Option 20.73 2011-10-14 4 A 0 4521 0 A 2018-10-14 Common Stock 4521 4521 D 7,236 of these shares represent deferred stock units acquired by Reporting Person as an Initial Director Grant upon his appointment to Issuer's Board of Directors. These deferred stock units were issued pursuant to the Company's 2008 Stock Option and Incentive Plan and are payable on a 1 for 1 basis exclusively in common stock when Reporting Person ceases to provide services to the Company as a director. Two forty-eighths (2/48) of the deferred stock units vest on the grant date with the remaining units vesting in forty-six equal monthly increments commencing on November 1, 2011. 1,206 of these shares represent stock options granted to the Reporting Person under the 2008 Stock Option and Incentive Plan and 2011 Fiscal Year Non Employee Director Compensation Plan for services provided as a director for the second half of the 2011 fiscal year. Shares represent Initial Director Option Grant pursuant to the Company's Directors Compensation Plan. Two forty-eighths(2/48) of the options vest on the grant date with the remaining options vesting in forty-six equal monthly increments commencing on November 1, 2011. Represents stock options granted to the Reporting Person under the 2008 Stock Option and Incentive Plan and 2011 Fiscal Year Non Employee Director Compensation Plan for services provided as a director for the second half of the 2011 fiscal year. The option is exercisable in full on the date of grant. Stephen H. Faberman, Attorney-In-Fact 2011-10-18