0000876167-24-000041.txt : 20240202
0000876167-24-000041.hdr.sgml : 20240202
20240202173006
ACCESSION NUMBER: 0000876167-24-000041
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240201
FILED AS OF DATE: 20240202
DATE AS OF CHANGE: 20240202
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gupta Yogesh K
CENTRAL INDEX KEY: 0001301277
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-19417
FILM NUMBER: 24592950
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]
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_1706912984.xml
FORM 4
X0508
4
2024-02-01
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
1
Common Stock
2024-02-01
4
M
0
98371
0
A
274295
D
Common Stock
2024-02-01
4
F
0
47563
57.14
D
226732
D
Common Stock
2024-02-01
4
S
0
32128
56.7824
D
194604
D
Common Stock
2024-02-01
4
S
0
8046
57.5973
D
186558
D
Restricted Stock Units
2024-02-01
4
M
0
98371
0
D
Common Stock
98371
0
D
On January 19, 2021, the Reporting Person was granted 52,817 performance-based restricted stock units pursuant to Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan and 2019 Long Term Incentive Plan. Based on the Company meeting relative total shareholder return and cumulative operating income criteria over the three-year period ending November 30, 2023, the amount shown is the amount of performance-based restricted stock units that vested under the 2019 Long Term Incentive Plan on February 1, 2024.
Restricted stock units convert into common stock on a one-for-one basis.
Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 19, 2021.
The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 11, 2023.
This transaction was executed in multiple trades at prices ranging from $56.30 to $57.29 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.
This transaction was executed in multiple trades at prices ranging from $57.35 to $57.755 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.
YuFan Stephanie Wang, Attorney-in-Fact
2024-02-02