<PAGE> 1
------
FORM 4
------
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / CHECK BOX IF NO
LONGER SUBJECT TO Filed pursuant to Section 16(a) of the Securities
SECTION 16. FORM 4 Exchange Act of 1934, Section 17(a) of the
OR FORM 5 OBLIGATIONS Public Utility Holding Company Act of 1935
MAY CONTINUE. SEE or Section 30(f) of the Investment Company
INSTRUCTION 1(b). Act of 1940
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Alsop, Joseph Wright Progress Software Corporation PRGS Issuer (Check all applicable)
--------------------------------------------- ---------------------------------------------- X Director 10% Owner
(Last) (First) (Middle) 3. IRS Identification 4. Statement for ---- ---
14 Oak Park Number of Reporting Month/Year X Officer (give Other (Specify
--------------------------------------------- Person, if an Entity 12/31/00 ---- title --- below)
(Street) (Voluntary) ------------------ below)
Bedford MA 01730 5. If Amendment, President and Director
--------------------------------------------- Date of Original --------------------------------------
(City) (State) (Zip) (Month/Year)
USA 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 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/8/00 G V 10,000 D D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 12/22/00 M 20,300 A $4.7084 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 12/28/00 G V 33,444 D 788,246 D
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 12/28/00 G V 7,272(1) A 7,272 I BY WIFE(2)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Response)
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Expiration Securities Deriv-
Price of (Month/ (Instr. Acquired (A) Date (Instr. 3 and 4) ative
Deriv- Day/ 8) or Disposed (Month/Day/ Secur-
ative Year) of (D) Year) ity
Security (Instr. 3, (Instr. 5)
4, and 5) ----------------------------------------
Date Expira- Amount or
---------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
------------------------------------------------------------------------------------------------------------------------------------
Incentive Stock Options $19.2500 2/18/00 A V 10,200 3/1/00 2/18/10 Common Stock 10,200
(3)
------------------------------------------------------------------------------------------------------------------------------------
Nonqualified Stock Options $19.2500 2/18/00 A V 89,800 3/1/00 2/18/10 Common Stock 89,800
(5)
------------------------------------------------------------------------------------------------------------------------------------
Nonqualified Stock Options $12.0625 10/6/00 A V 150,000 10/6/00 10/6/10 Common Stock 150,000
(7)
------------------------------------------------------------------------------------------------------------------------------------
Incentive Stock Options $4.7084 12/22/00 M 20,300 3/1/97 3/3/07 Common Stock 20,300
(9)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
-------------------------------------------------------------------------------------------------------
Incentive Stock Options 10,200(4) D
-------------------------------------------------------------------------------------------------------
Nonqualified Stock Options 89,800(6) D
-------------------------------------------------------------------------------------------------------
Nonqualified Stock Options 150,000(8) D
-------------------------------------------------------------------------------------------------------
Incentive Stock Options 35,000(10) D
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
Explanation of Responses:
(1) Gift by Mr. Alsop to his wife. (2) Mr. Alsop disclaims beneficial ownership
of such shares. (3) The options vest in equal monthly increments over a 60
month period commencing March 1, 2000. (4) On 12/31/00, options to purchase
1,700 shares were vested. (5) The options vest in equal monthly increments over
a 60 month period commencing March 1, 2000. (6) On 12/31/00, options to
purchase 14,967 shares were vested. (7) The options vest on the date of grant
with respect to eight-sixtieths of the total amount, thereafter in equal monthly
increments over a 52 month period commencing November 1, 2000. (8) On 12/31/00,
options to purchase 25,000 shares were vested. (9) The option vests in equal
monthly increments over a 60 month period commencing March 1, 1997. (10) On
12/31/00, 20,300 options were vested.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Joseph W. Alsop 1/9/01
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
/s/ Joseph W. Alsop
Note. File three copies of this form, one of which must be manually signed. Page 2
If space provided 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.
</TABLE>
