X0303 4 2010-04-27 0000876167 PROGRESS SOFTWARE CORP /MA PRGS 0001482105 Bates John PROGRESS SOFTWARE CORPORATION 14 OAK PARK DRIVE BEDFORD MA 01730 0 1 0 0 Sr. VP,CTO,Head of Corp. Dev. Common Stock 2010-04-27 4 A 0 9600 0 A 19860 D Employee Stock Option 31.98 2010-04-27 4 A 0 36000 0 A 2017-04-27 Common Stock 36000 36000 D Represents restricted stock units acquired by reporting person on April 27, 2010 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, 2010, subject to the continued employment of the reporting person with Progress Software Corporation. Includes 1,430 shares acquired through Employee Stock Purchse Plan on March 31, 2010. Two-sixtieths (2/60) of the option were vested and exercisable on the grant date. The remaining options vest in 58 equal monthly increments commencing on May 1, 2010. Stephen H. Faberman, Attorney-In-Fact 2010-04-29