0000876167-23-000074.txt : 20230404
0000876167-23-000074.hdr.sgml : 20230404
20230404182729
ACCESSION NUMBER: 0000876167-23-000074
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230401
FILED AS OF DATE: 20230404
DATE AS OF CHANGE: 20230404
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FOLGER ANTHONY
CENTRAL INDEX KEY: 0001566737
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-19417
FILM NUMBER: 23800154
MAIL ADDRESS:
STREET 1: C/O CARBONITE, INC.
STREET 2: 177 HUNTINGTON AVENUE
CITY: BOSTON
STATE: MA
ZIP: 02115
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PROGRESS SOFTWARE CORP /MA
CENTRAL INDEX KEY: 0000876167
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
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
wf-form4_168064723599426.xml
FORM 4
X0407
4
2023-04-01
0
0000876167
PROGRESS SOFTWARE CORP /MA
PRGS
0001566737
FOLGER ANTHONY
C/O PROGRESS SOFTWARE CORPORATION
15 WAYSIDE ROAD, SUITE 400
BURLINGTON
MA
01803
0
1
0
0
Chief Financial Officer
1
Common Stock
2023-04-01
4
M
0
2541
0
A
24657
D
Common Stock
2023-04-01
4
F
0
1127
57.16
D
23530
D
Common Stock
2023-04-01
4
M
0
1995
0
A
25525
D
Common Stock
2023-04-01
4
F
0
885
57.16
D
24640
D
Common Stock
2023-04-01
4
M
0
2248
0
A
26888
D
Common Stock
2023-04-01
4
F
0
997
57.16
D
25891
D
Common Stock
2023-04-04
4
S
0
3502
55.7974
D
22389
D
Common Stock
2023-04-04
4
S
0
273
56.42
D
22116
D
Restricted Stock Units
2023-04-01
4
M
0
2541
0
D
Common Stock
2541.0
0
D
Restricted Stock Units
2023-04-01
4
M
0
1995
0
D
Common Stock
1995.0
3992
D
Restricted Stock Units
2023-04-01
4
M
0
2248
0
D
Common Stock
2248.0
8992
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 March 30, 2020.
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, 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.
The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 11, 2022.
This transaction was executed in multiple trades at prices ranging from $55.352 to $56.210 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 March 30, 2020, the Reporting Person was granted 15,243 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, 2020, subject to the continued employment of the Reporting Person with the Company.
On January 19, 2021, the Reporting Person was granted 11,972 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 13,487 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.
YuFan Stephanie Wang, Attorney-in-Fact
2023-04-04