Filing Details

Accession Number:
0000876167-23-000095
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-04-24 16:28:19
Reporting Period:
2023-04-20
Accepted Time:
2023-04-24 16:28:19
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
876167 Progress Software Corp PRGS Services-Prepackaged Software (7372) 042746201
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1750308 Loren Jarrett C/O Progress Software Corporation
15 Wayside Road, Suite 400
Burlington MA 01803
Evp/Gm Digital Experience No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2023-04-20 23,490 $29.25 42,718 No 4 M Direct
Common Stock Disposition 2023-04-20 23,490 $56.58 19,228 No 4 S Direct
Common Stock Acquisiton 2023-04-20 13,271 $50.69 32,499 No 4 M Direct
Common Stock Disposition 2023-04-20 13,271 $56.57 19,228 No 4 S Direct
Common Stock Disposition 2023-04-20 9,267 $56.57 9,961 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Options Disposition 2023-04-20 23,490 $0.00 23,490 $29.25
Common Stock Employee Stock Options Disposition 2023-04-20 13,271 $0.00 13,271 $50.69
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2024-02-16 No 4 M Direct
0 2025-01-11 No 4 M Direct
Footnotes
  1. The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 20, 2023.
  2. This transaction was executed in multiple trades at prices ranging from $56.27 to $56.855 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.
  3. This transaction was executed in multiple trades at prices ranging from $56.17 to $56.85 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.
  4. This transaction was executed in multiple trades at prices ranging from $56.19 to $56.85 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.
  5. Options were granted to the Reporting Person on February 17, 2017 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2021, 23,490 options were vested and exercisable.
  6. Options were granted to the Reporting Person on January 12, 2018 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2022, 13,271 options were vested and exercisable.