X0303 4 2011-04-28 0000876167 PROGRESS SOFTWARE CORP /MA PRGS 0001449513 Conway Gary G C/O PROGRESS SOFTWARE CORPORATION\ 14 OAK PARK BEDFORD MA 01730 0 1 0 0 EVP, Chief Marketing Officer Common Stock 2011-04-28 4 A 0 7000 29.64 D 23081 D Stock Option 29.64 2011-04-28 4 A 0 25000 0 A 2018-04-28 Common Stock 25000 25000 D Represents restricted stock units acquired by reporting person on April 28, 2011 pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. Each restricted stock unit vests in six equal semiannual installments beginning on October 1, 2011, subject to the continued employment of the reporting person with Progress Software Corporation. Two-forty-eights (2/48) of the option were vested and exercisable on the grant date. The remaining options vest in 46 equal monthly increments commencing on May 1, 2011. Gary G. Conway 2011-05-02