Form Type: 4

SEC EDGAR Link
Accession Number:0000876167-20-000112
Date:2020-06-29
Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
Original Submission Date:

Reporting Person:

GAWLICK RAINER
C/O PROGRESS SOFTWARE CORPORATION
14 OAK PARK DR. BEDFORD, MA 01730

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-06-29 A 5,137 a $38.94 30,780 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 represents deferred stock units issued to the reporting person by progress software corporation (the "company") as the fiscal year 2020 equity retainer for the reporting person's services as a director of the company during such period. these deferred stock units were issued in accordance with the company's fy20 director compensation plan pursuant to the company's 2008 stock option and incentive plan and are payable on a one-for-one basis exclusively in common stock on the earlier of a change in control of the company or the date the reporting person terminates service on the board of directors of the company (the "board of directors"). the deferred stock units will vest on the date of the company's 2021 annual meeting of stockholders, subject to the reporting person's continued service on the board of directors until such date.
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