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