0000876167-23-000182.txt : 20231003 0000876167-23-000182.hdr.sgml : 20231003 20231003162106 ACCESSION NUMBER: 0000876167-23-000182 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231001 FILED AS OF DATE: 20231003 DATE AS OF CHANGE: 20231003 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Pitt Ian CENTRAL INDEX KEY: 0001878325 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-19417 FILM NUMBER: 231303973 MAIL ADDRESS: STREET 1: C/O PROGRESS SOFTWARE CORPORATION STREET 2: 14 OAK PARK DRIVE CITY: BEDFORD STATE: MA ZIP: 01730 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_1696364434.xml FORM 4 X0508 4 2023-10-01 0 0000876167 PROGRESS SOFTWARE CORP /MA PRGS 0001878325 Pitt Ian C/O PROGRESS SOFTWARE CORPORATION 15 WAYSIDE ROAD, SUITE 400 BURLINGTON MA 01803 0 1 0 0 Chief Information Officer 0 Common Stock 2023-10-01 4 M 0 489 0 A 3013 D Common Stock 2023-10-01 4 F 0 149 53.16 D 2864 D Common Stock 2023-10-01 4 M 0 674 0 A 3538 D Common Stock 2023-10-01 4 F 0 205 53.16 D 3333 D Common Stock 2023-10-01 4 M 0 680 0 A 4013 D Common Stock 2023-10-01 4 F 0 207 53.16 D 3806 D Restricted Stock Units 2023-10-01 4 M 0 489 0 D Common Stock 489 978 D Restricted Stock Units 2023-10-01 4 M 0 674 0 D Common Stock 674 2024 D Restricted Stock Units 2023-10-01 4 M 0 680 0 D Common Stock 680 3405 D Restricted stock units convert into common stock on a one-for-one basis. Includes 584 shares of common stock acquired by the Reporting Person on March 31, 2023 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan. 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 September 27, 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. 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, 2023. On September 27, 2021, the Reporting Person was granted 2,931 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 April 1, 2022, subject to the continued employment of the Reporting Person with the Company. On January 20, 2022, the Reporting Person was granted 4,046 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. On January 19, 2023, the Reporting Person was granted 4,085 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, 2023, subject to the continued employment of the Reporting Person with the Company. YuFan Stephanie Wang, Attorney-in-Fact 2023-10-03