Edgar Filing: PROGRESS SOFTWARE CORP /MA

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â FABERMAN STEPHEN H

2. Date of Event Requiring Statement (Month/Day/Year)
07/10/2013

3. Issuer Name and Ticker or Trading Symbol
PROGRESS SOFTWARE CORP /MA [PRGS]

(Last)

(First)

(Middle)

C/O PROGRESS SOFTWARE CORPORATION,Â 14 OAK PARK DRIVE

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
VP & General Counsel

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

BEDFORD,Â MAÂ 01730

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	14,251	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option	Â ⁽¹⁾	07/15/2015	Common Stock	4,500 ⁽²⁾	$ 17.36	D	Â
Employee Stock Option	Â ⁽³⁾	10/15/2015	Common Stock	900 ⁽⁴⁾	$ 13.01	D	Â
Employee Stock Option	Â ⁽⁵⁾	01/14/2016	Common Stock	4,500 ⁽⁶⁾	$ 11.37	D	Â
Employee Stock Option	Â ⁽⁷⁾	05/11/2016	Common Stock	2,025 ⁽⁸⁾	$ 14.67	D	Â
Employee Stock Option	Â ⁽⁹⁾	10/15/2016	Common Stock	3,525 ⁽¹⁰⁾	$ 15.93	D	Â
Employee Stock Option	Â ⁽¹¹⁾	04/26/2017	Common Stock	6,480 ⁽¹²⁾	$ 21.32	D	Â
Employee Stock Option	Â ⁽¹³⁾	10/15/2017	Common Stock	2,700 ⁽¹⁴⁾	$ 24.09	D	Â
Restricted Stock Unit	Â ⁽¹⁵⁾	Â ⁽¹⁵⁾	Common Stock	720 ⁽¹⁶⁾	$ 0	D	Â
Employee Stock Option	Â ⁽¹⁷⁾	04/27/2018	Common Stock	3,500 ⁽¹⁸⁾	$ 29.64	D	Â
Restricted Stock Unit	Â ⁽¹⁹⁾	Â ⁽¹⁹⁾	Common Stock	1,400 ⁽²⁰⁾	$ 0	D	Â
Restricted Stock Unit	Â ⁽²¹⁾	Â ⁽²¹⁾	Common Stock	2,600 ⁽²²⁾	$ 0	D	Â
Restricted Stock Unit	Â ⁽²³⁾	Â ⁽²³⁾	Common Stock	15,000	$ 0	D	Â
Restricted Stock Unit	Â ⁽²⁴⁾	Â ⁽²⁴⁾	Common Stock	10,000	$ 0	D	Â
Restricted Stock Unit	Â ⁽²⁵⁾	Â ⁽²⁵⁾	Common Stock	1,750 ⁽²⁶⁾	$ 0	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
FABERMAN STEPHEN H C/O PROGRESS SOFTWARE CORPORATION 14 OAK PARK DRIVE BEDFORD,Â MAÂ 01730	Â	Â	Â VP & General Counsel	Â

Signatures

Stephen H. Faberman		08/05/2013
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Represents stock options awarded to the Reporting Person as a New Hire Grant, pursuant to the Company's 2008 Stock Option and Incentive Plan.
(2)	As of the date of this filing, these options have vested.
(3)	Eight-sixtieths (8/60) of the options were vested and exercisable on the grant date. The remaining options vested in 52 equal monthly increments commencing on November 1, 2008.
(4)	As of the date of this filing, these options have vested.
(5)	Represents stock options awarded to the Reporting Person as a New Hire Grant, pursuant to the Company's 2008 Stock Option and Incentive Plan.
(6)	As of the date of this filing, these options have vested.
(7)	Three-sixtieths (3/60) of the options were vested and exercisable on the grant date. The remaining options vest in 57 equal monthly increments commencing on June 1, 2009.
(8)	As of the date of this filing, options to purchase 1,823 shares have vested.
(9)	Eight-sixtieths (8/60) of the options were vested and exercisable on the grant date. The remaining options vest in 52 equal monthly increments commencing on November 1, 2009.
(10)	As of the date of this filing, options to purchase 3,173 shares have vested.
(11)	Two-sixtieths (2/60) of the options were vested and exercisable on the grant date. The remaining options vest in 58 equal monthly increments commencing on May 1, 2010.
(12)	As of the date of this filing, options to purchase 4,536 shares have vested.
(13)	Eight-sixtieths (8/60) of the options were vested and exercisable on the grant date. The remaining options vest in 52 equal monthly increments commencing on November 1, 2010.
(14)	As of the date of this filing, options to purchase 1,890 shares have vested.
(15)	Represents restricted stock units acquired by the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. Each restricted stock unit vests in six equal semiannual installments beginning on April 1, 2011, subject to the continued employment of the Reporting Person with Progress Software Corporation.
(16)	As of the date of this filing, 600 restricted stock units have vested.
(17)	Two-forty-eights (2/48) of the option were vested and exercisable on the grant date. The remaining options vest in 46 equal monthly increments commencing on May 1, 2011.
(18)	As of the date of this filing, options to purchase 2,188 shares have vested.
(19)	Represents restricted stock units acquired by the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. Each restricted stock unit vests in six equal semiannual installments beginning on October 1, 2011, subject to the continued employment of the Reporting Person with Progress Software Corporation.
(20)	As of the date of this filing, 932 restricted stock units have vested.
(21)	Represents restricted stock units acquired by the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. Each restricted stock unit vests in six equal semiannual installments beginning on October 1, 2012, subject to the continued employment of the Reporting Person with Progress Software Corporation.
(22)	As of the date of this filing, 866 restricted stock units have vested.
(23)	Represents restricted stock units acquired by the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. Each restricted stock unit vests in six equal semiannual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Progress Software Corporation.
(24)	Represents restricted stock units acquired by the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. Each restricted stock unit vests in four equal semiannual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Progress Software Corporation.
(25)	Represents restricted stock units acquired by the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. 583 restricted stock units vested on April 1, 2013. The remaining restricted stock units vest in four equal semiannual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Progress Software Corporation.
(26)	As of the date of this filing, 583 restricted stock units have vested.

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