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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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
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Estimated average burden
hours per response __0.5
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[ ] 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 Responses)
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1. Name and Address of Reporting Person*
Alsop, Joseph Wright
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)
[X] Director [ ] 10% Owner
[X] Officer (give [ ] Other (specify
title below) below)
President, Treasurer and Director
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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>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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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
Beneficially Direct (D)or
--------------- (A) or Owned at Indirect(I)
Date Code V Amount (D) Price End of Month
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 10/25/99 S 4,432 D $33.25 0 I held by wife
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Common Stock 10/26/99 S 30,000 D $33.25 571,945 D
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</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).
(Over)
SEC 1474(7-96)
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<TABLE>
<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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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
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
<TABLE>
<CAPTION>
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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)
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<S> <C> <C>
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</TABLE>
Explanation of Responses:
/s/ Joseph W. Alsop 11-8-1999
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Signature of Reporting Person Date
Joseph W. Alsop
**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
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SEC 1474(7-96)
