0000876167-24-000026.txt : 20240122
0000876167-24-000026.hdr.sgml : 20240122
20240122162319
ACCESSION NUMBER: 0000876167-24-000026
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240118
FILED AS OF DATE: 20240122
DATE AS OF CHANGE: 20240122
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pitt Ian
CENTRAL INDEX KEY: 0001878325
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-19417
FILM NUMBER: 24549116
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]
ORGANIZATION NAME: 06 Technology
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_1705958590.xml
FORM 4
X0508
4
2024-01-18
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
Restricted Stock Units
2024-01-18
4
A
0
3995
0
A
Common Stock
3995
3995
D
Employee Stock Options (Right to buy)
57.83
2024-01-18
4
A
0
9828
0
A
2031-01-17
Common Stock
9828
9828
D
Restricted Stock Units
2024-01-18
4
A
0
6658
0
A
Common Stock
6658
6658
D
Each restricted stock unit represents a contingent right to receive one share of Progress Software Corporation's (the "Company's") common stock.
Represents restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2024, subject to the continued employment of the Reporting Person with the Company.
Represents stock options granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The stock options vest in eight equal semiannual installments beginning on October 1, 2024, subject to the continued employment of the Reporting Person with the Company.
Represents performance-based restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest on February 1, 2027, subject to the Company meeting total shareholder return and operating income criteria over the three-year period ending November 30, 2026, and the continued employment of the Reporting Person with the Company.
YuFan Stephanie Wang, Attorney-in-Fact
2024-01-22