<PAGE> 1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
- ------
FORM 4
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities and Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f)
of the Investment Company Act of 1940
---------------------------
OMB APPROVAL
---------------------------
OMB Number: 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response __0.5
---------------------------
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instructions 1(b).
(Print or Type Response)
- --------------------------------------------------------------------------------
1. Name and Address of Reporting Person*
Bergantino, Jennifer J.
14 Oak Park
Bedford, MA 01730
USA
2. Issuer Name and Ticker or Trading Symbol
Progress Software Corporation
PRGS
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
10/31/1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give [ ] Other (specify
title below) below)
Vice President, Marketing and Strategic Planning
------------------------------------------------
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ----------------------------------------------------------------------------------------------------------------------------
1. Title of 2. Trans- 3. Trans- 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature of
Security action action (A) or Securities Form: Indirect
(Instr. 3) Date Code Disposed of (D) Beneficially Direct (D) Beneficial
(Month/ (Instr. 8) (Instr. 3, 4, and 5) Owned at or Owner-
Day ------------ ----------------------------- End of Month Indirect(1) ship
Year) Code V Amount (A) or (D) Price (Instr. 3 and 4) (Instr. 4) (Instr. 4)
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 10/14/99 M 7,686 A $11.3333
- ----------------------------------------------------------------------------------------------------------------------------
Common Stock 10/14/99 S 7,686 D $33.2500
- ----------------------------------------------------------------------------------------------------------------------------
Common Stock 10/14/99 M 18,050 A $14.4167
- ----------------------------------------------------------------------------------------------------------------------------
Common Stock 10/14/99 S 18,050 D $33.2500
- ----------------------------------------------------------------------------------------------------------------------------
Common Stock 10/22/99 M 500 A $14.4167
- ----------------------------------------------------------------------------------------------------------------------------
Common Stock 10/22/99 S 500 D $33.5000
- ----------------------------------------------------------------------------------------------------------------------------
Common Stock 10/25/99 M 450 A $14.4167
- ----------------------------------------------------------------------------------------------------------------------------
Common Stock 10/25/99 S 450 D $33.5000
- ----------------------------------------------------------------------------------------------------------------------------
Common Stock 10/25/99 M 640 A $ 9.4167
- ----------------------------------------------------------------------------------------------------------------------------
Common Stock 10/25/99 S 640 D $33.5000
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see instruction
4(b)(v).
PAGE 1 OF 4
(Over)
SEC 1474(7-96)
<PAGE> 2
FORM 4 (continued)
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
1.Title of 2.Conversion 3. 4. 5.Number of 6.Date Exercisable and 7.Title and Amount 8.Price of
Derivative or Exercise Transaction Derivative Expiration Date of Underlying Derivative
Security Price of Date Code Securities (Month/Day/Year) Securities Security
(Instr. 3) Derivative (Mo./ (Instr. Acquired(A) (Instr. 3 and 4) (Instr. 5)
Security Day/ 8) or Disposed
Year) of(D)
(Instr. 3, 4 Amount or
and 5) Date Expiration Number of
Code V (A) (D) Exercsiable Date Title Shares
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------
Nonqualified $11.3333 10/14/99 M 7,686 03/1/97 06/16/07 Common Stock 7,686
Stock Option (1)
- --------------------------------------------------------------------------------------------------------------------------
Nonqualified $14.4167 10/14/99 M 18,050 03/1/98 02/01/08 Common Stock 18,050
Stock Option (3)
- --------------------------------------------------------------------------------------------------------------------------
Nonqualified $14.4167 10/22/99 M 500 03/1/98 02/01/08 Common Stock 500
Stock Option (3)
- --------------------------------------------------------------------------------------------------------------------------
Nonqualified $14.4167 10/25/99 M 450 03/1/98 02/01/08 Common Stock 450
Stock Option (3)
- --------------------------------------------------------------------------------------------------------------------------
Nonqualified $ 9.4167 10/25/99 M 480 03/1/97 03/03/07 Common Stock 480
Stock Option (1)
- --------------------------------------------------------------------------------------------------------------------------
Incentive $ 9.4167 10/25/99 M 160 03/1/97 03/03/07 Common Stock 160
Stock Option (1)
- --------------------------------------------------------------------------------------------------------------------------
Nonqualified $11.3333 10/25/99 M 249 03/1/97 06/16/07 Common Stock 249
Stock Option (1)
- --------------------------------------------------------------------------------------------------------------------------
Incentive $11.3333 10/25/99 M 67 03/1/97 06/16/07 Common Stock 67
Stock Option (1)
- --------------------------------------------------------------------------------------------------------------------------
Incentive $10.3333 10/25/99 M 11,094 03/1/96 04/01/06 Common Stock 11,094
Stock Option (4)
- --------------------------------------------------------------------------------------------------------------------------
Incentive $10.3333 10/26/99 M 12,281 03/1/96 04/01/06 Common Stock 12,281
Stock Option (4)
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------
- ---------------------------------------------
9.Number of 10.Ownership 11.Nature of
Derivative Form of Indirect
Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect
(Instr. 4) (I)
(Instr. 4)
- ---------------------------------------------
<S> <C> <C>
- ---------------------------------------------
3,746 (2) D
- ---------------------------------------------
38,000 (2) D
- ---------------------------------------------
38,000 (2) D
- ---------------------------------------------
38,000 (2) D
- ---------------------------------------------
13,440 (2) D
- ---------------------------------------------
140 (2) D
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3,476 (2) D
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3,523 (2) D
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0 D
- ---------------------------------------------
0 D
- ---------------------------------------------
</TABLE>
Explanation of Responses:
(1) The option vests in equal monthly increments over a 60 month period
commencing March 1, 1997. (2) On 10/31/99, options to purchase 0 shares were
vested. (3) The option vests in equal monthly increments over a 60 month period
commencing March 1, 1998. (4) The option vests in equal monthly increments over
a 60 month period commencing March 1, 1996.
11-9-1999
----------------------------- ---------
Signature of Reporting Person Date
Jennifer Bergantino
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 7811(a)
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2
PAGE 2 OF 4 SEC 1474(7-96)
<PAGE> 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
- ------
FORM 4
- ------
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities and Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f)
of the Investment Company Act of 1940
---------------------------
OMB APRROVAL
---------------------------
OMB Number: 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response __0.5
---------------------------
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Bergantino, Jennifer J.
14 Oak Park
Bedford, MA 01730
USA
2. Issuer Name and Ticker or Trading Symbol
Progress Software Corporation
PRGS
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
10/31/1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give [ ] Other (specify
title below) below)
Vice President, Marketing and Strategic Planning
------------------------------------------------
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ----------------------------------------------------------------------------------------------------------------------------
1. Title of 2. 3. 4.Securities Acquired (A) 5.Amount of 6.Ownership 7.Nature of Indirect
Security Transaction or Disposed of (D) Securities Form: Beneficial Ownership
(Instr. 3) Date Code (Instr. 3, 4 and 5) Beneficially Direct (D)or (Instr. 4)
(Month/ (Instr. 8) Owned at End Indirect(I)
Day/Year) (A) or of Month (Instr. 4)
Code V Amount (D) Price (Instr. 3 and 4)
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 10/25/99 M 316 A $11.3333
- ----------------------------------------------------------------------------------------------------------------------------
Common Stock 10/25/99 S 316 D $33.5000
- ----------------------------------------------------------------------------------------------------------------------------
Common Stock 10/25/99 M 11,094 A $10.3333
- ----------------------------------------------------------------------------------------------------------------------------
Common Stock 10/25/99 S 11,094 D $33.5000
- ----------------------------------------------------------------------------------------------------------------------------
Common Stock 10/26/99 M 12,281 A $10.3333
- ----------------------------------------------------------------------------------------------------------------------------
Common Stock 10/26/99 S 12,281 D $33.2500 1,537 D
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see instruction
4(b)(v).
PAGE 3 OF 4 (Over)
SEC 1474 (7-96)
<PAGE> 4
FORM 4 (continued)
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
1.Title of 2.Conversion 3. 4. 5.Number of 6.Date Exercisable and 7.Title and Amount 8.Price of
Derivative or Exercise Transaction Derivative Expiration Date of Underlying Derivative
Security Price of Date Code Securities (Month/Day/Year) Securities Security
(Instr. 3) Derivative (Month/ Acquired(A) (Instr. 3 and 4) (Instr. 5)
Security Day/ (Instr. or Disposed
Year) 8) of(D)
(Instr. 3, 4 Amount or
and 5) Date Expiration Number of
Code V (A) (D) Exercsiable Date Title Shares
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------
- ---------------------------------------------
9.Number of 10.Ownership 11.Nature of
Derivative Form of Indirect
Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect
(Instr. 4) (I)
(Instr. 4)
- ---------------------------------------------
<S> <C> <C>
- ---------------------------------------------
</TABLE>
Explanation of Responses:
/s/ Jennifer Bergantino 11-9-1999
----------------------------- ---------
Signature of Reporting Person Date
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 7811(a)
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2
PAGE 4 OF 4 SEC 1474(7-96)
