0000876167-23-000153.txt : 20230804 0000876167-23-000153.hdr.sgml : 20230804 20230804204946 ACCESSION NUMBER: 0000876167-23-000153 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230803 FILED AS OF DATE: 20230804 DATE AS OF CHANGE: 20230804 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Gupta Yogesh K CENTRAL INDEX KEY: 0001301277 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-19417 FILM NUMBER: 231145403 MAIL ADDRESS: STREET 1: C/O PROGRESS SOFTWARE CORPORATION STREET 2: 15 WAYSIDE ROAD, SUITE 400 CITY: BURLINGTON STATE: MA ZIP: 01803 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 wk-form4_1691196578.xml FORM 4 X0508 4 2023-08-03 0 0000876167 PROGRESS SOFTWARE CORP /MA PRGS 0001301277 Gupta Yogesh K C/O PROGRESS SOFTWARE CORPORATION 15 WAYSIDE ROAD, SUITE 400 BURLINGTON MA 01803 1 1 0 0 Chief Executive Officer 0 Common Stock 2023-08-03 4 M 0 149573 28.98 A 275887 D Common Stock 2023-08-03 4 F 0 109399 60.377 D 166488 D Employee Stock Options 28.98 2023-08-03 4 M 0 149573 0 D 2024-02-23 Common Stock 149573 0 D This Form 4 is being filed to report the exercise of stock options for a total of 149,573 shares, of which: (i) 71,793 shares owned by the Reporting Person were exchanged to cover the cost of the option exercise and (ii) 37,606 shares owned by the Reporting Person were withheld by Progress Software Corporation (the "Company") to pay the tax withholding obligations of the Reporting Person upon exercise of the stock options. As a result of this exercise, the Reporting Person acquired ownership of 40,174 shares of common stock. Includes 584 shares of common stock acquired by the Reporting Person on March 31, 2023 through the Company's Employee Stock Purchase Plan. Options were granted to the Reporting Person on February 23, 2017 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2021, 149,573 options were vested and exercisable. YuFan Stephanie Wang, Attorney-in-Fact 2023-08-04