X0303 4 2011-04-28 0000876167 PROGRESS SOFTWARE CORP /MA PRGS 0001483955 Andrews Joseph C/O PROGRESS SOFTWARE CORPORATION 14 OAK PARK DRIVE BEDFORD MA 01730 0 1 0 0 SVP, Human Resources Common Stock 2011-04-28 4 A 0 5600 29.64 A 41549 D Stock Option 29.64 2011-04-28 4 A 0 20000 0 A 2018-04-28 Common Stock 20000 20000 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. Stephen H. Faberman, Attorney-In-Fact 2011-05-02