PRGS

SEC source: 0001225499-16-000009 · edgar.xml · derivative · entry 1

PERKINS CHRIS E · CIK 0001225499 · Former Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 4,896 shares

Expires not disclosed

F1 · derivative.exercise_price: Restricted stock units convert into common stock on a one-for-one basis.

F2 · derivative.exercise_date: On January 13, 2014, the Reporting Person was granted 14,688 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2014, subject to the continued employment of the Reporting Person with Issuer. Reporting Person retired as Chief Financial Officer effective September 28, 2016, and the unvested restricted stock units were cancelled.

F2 · derivative.expiration_date: On January 13, 2014, the Reporting Person was granted 14,688 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2014, subject to the continued employment of the Reporting Person with Issuer. Reporting Person retired as Chief Financial Officer effective September 28, 2016, and the unvested restricted stock units were cancelled.

SEC source: 0001140361-16-079822 · doc1.xml · nonDerivative · entry 1

Praesidium Investment Management Company, LLC · CIK 0001320769 · 10% owner

Oram Kevin · CIK 0001662082 · 10% owner

Uddo Peter · CIK 0001662083 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 5,807,017

F1 · shares: On September 12, 2016, Praesidium Investment Management Company, LLC ("Praesidium") in a single transaction sold to an unaffiliated third party 900,000 shares of common stock of Progress Software Corporation (the "Issuer") on behalf of certain third party accounts it manages (the "Managed Accounts") and certain investment fund vehicles (the "Investment Fund Vehicles") for which Praesidium serves as investment manager.

F2 · balance_after: Since the reporting persons filed their Form 3 with the Securities and Exchange Commission on January 11, 2016, Praesidium has terminated an investment management agreement for a certain managed account that held 15,439 shares of the Issuer's common stock and 63,868 shares of the Issuer's Common Stock were withdrawn by the account owners of certain managed accounts. The reporting persons therefore no longer have a pecuniary interest in such shares.

F3 · balance_after: Praesidium may be deemed to beneficially own 5,488,666 shares of common stock of the Issuer held in the Managed Accounts (the "Managed Account Shares") and 318,351 shares of common stock of the Issuer held in the accounts of the Investment Fund Vehicles (the "Investment Fund Vehicle Shares") because Praesidium may be deemed to exercise investment power over such shares. Kevin Oram and Peter Uddo may be deemed to beneficially own the Managed Account Shares and the Investment Fund Vehicle Shares because they may be deemed to control Praesidium as the managing members of Praesidium.

F4 · balance_after: (continued from footnote 3) Praesidium, Mr. Oram and Mr. Uddo may be deemed to have a pecuniary interest in the Managed Account Shares due to Praesidium's right to receive performance fees subject to certain hurdles and/or benchmarks. Further, Praesidium, Mr. Oram and Mr. Uddo may be deemed to have a pecuniary interest in the Investment Fund Vehicle Shares due to their indirect right to receive a performance fee and/or performance allocation, as applicable, subject to certain hurdles and/or benchmarks. Each of Praesidium, Mr. Oram and Mr. Uddo disclaims beneficial ownership of the reported securities of the Issuer except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that any of Praesidium, Mr. Oram or Mr. Uddo is the beneficial owner of such securities for Section 16 or any other purpose.

F3 · ownership.nature: Praesidium may be deemed to beneficially own 5,488,666 shares of common stock of the Issuer held in the Managed Accounts (the "Managed Account Shares") and 318,351 shares of common stock of the Issuer held in the accounts of the Investment Fund Vehicles (the "Investment Fund Vehicle Shares") because Praesidium may be deemed to exercise investment power over such shares. Kevin Oram and Peter Uddo may be deemed to beneficially own the Managed Account Shares and the Investment Fund Vehicle Shares because they may be deemed to control Praesidium as the managing members of Praesidium.

F4 · ownership.nature: (continued from footnote 3) Praesidium, Mr. Oram and Mr. Uddo may be deemed to have a pecuniary interest in the Managed Account Shares due to Praesidium's right to receive performance fees subject to certain hurdles and/or benchmarks. Further, Praesidium, Mr. Oram and Mr. Uddo may be deemed to have a pecuniary interest in the Investment Fund Vehicle Shares due to their indirect right to receive a performance fee and/or performance allocation, as applicable, subject to certain hurdles and/or benchmarks. Each of Praesidium, Mr. Oram and Mr. Uddo disclaims beneficial ownership of the reported securities of the Issuer except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that any of Praesidium, Mr. Oram or Mr. Uddo is the beneficial owner of such securities for Section 16 or any other purpose.

SEC source: 0001111009-16-000009 · edgar.xml · nonDerivative · entry 1

BYCOFF BARRY N · CIK 0001111009 · Former Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,680

F1 · shares: On April 1, 2016, Reporting Person was granted 7,978 restricted stock units for services provided as a director applicable to the 2016 fiscal year. The restricted stock units vest on December 1, 2016, subject to the Reporting Person's continued service on the Progress Software Corporation Board of Directors on such vesting date. Reporting Person retired as a Director of the Progress Software Corporation Board of Directors effective August 24, 2016 and these restricted stock units were cancelled.