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