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FORM 4
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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
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Robertson, Norman R. Progress Software Corporation PRGS Issuer (Check all applicable)
--------------------------------------------- ---------------------------------------------- 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 12/31/2000 ---- title --- below)
(Street) (Voluntary) ------------------ below)
Bedford MA 01730 5. If Amendment, Vice President, Finance and CFO
--------------------------------------------- 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
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TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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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)
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Common Stock 02/18/00 J(1) V 40,000 A $19.2500 23,009(1) D
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*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)
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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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
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Incentive Stock Option $5.2100(2) 1/21/00 J(2) V 2,745(2) 6/01/97 5/01/06 Common Stock 2,745(2)
(3)
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Nonqualified Stock Option $4.7084(2) 1/21/00 J(2) V 10,811(2) 3/01/97 3/03/07 Common Stock 10,811(2)
(5)
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Incentive Stock Option $4.7084(2) 1/21/00 J(2) V 184(2) 3/01/97 3/03/07 Common Stock 184(2)
(5)
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Nonqualified Stock Option $6.5417(2) 1/21/00 J(2) V 9,000(2) 1/01/98 12/22/07 Common Stock 9,000(2)
(8)
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Nonqualified Stock Option $7.2084(2) 1/21/00 J(2) V 36,100(2) 3/01/98 2/03/08 Common Stock 36,100(2)
(10)
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Nonqualified Stock Option $12.8125(2) 1/21/00 J(2) V 31,440(2) 3/01/99 2/10/09 Common Stock 31,440(2)
(12)
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Nonqualified Stock Option $10.4688(2) 1/21/00 J(2) V 6,667(2) 3/01/99 5/17/09 Common Stock 6,667(2)
(12)
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Incentive Stock Option $19.2500 2/18/00 A V 25,500 3/01/00 2/18/10 Common Stock 25,500
(15)
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Nonqualified Stock Option $19.2500 2/18/00 A V 14,500 3/01/00 2/18/10 Common Stock 14,500
(15)
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Nonqualified Stock Option $12.0625 10/6/00 A V 40,000 10/6/00 10/6/10 Common Stock 40,000
(18)
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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)
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Incentive Stock Option 5,490(4) D
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Nonqualified Stock Option 21,622(6) D
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Incentive Stock Option 368(7) D
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Nonqualified Stock Option 18,000(9) D
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Nonqualified Stock Option 72,200(11) D
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Nonqualified Stock Option 62,880(13) D
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Nonqualified Stock Option 13,334(14) D
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Incentive Stock Option 25,500(16) D
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Nonqualified Stock Option 14,500(17) D
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Nonqualified Stock Option 40,000(19) D
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Explanation of Responses:
(1) On December 17, 1999, the Company declared a 2-for-1 stock split effected in
the form of a stock dividend payable to holders of record of common stock on
January 7, 2000. On the payment date, January 21, 2000, each holder of the
common stock of the Company received one additional share of common stock of the
Company for every share held. Table 1 reflects an adjustment to the number of
shares of common stock held by the reporting person as a result of the stock
split, and also includes a purchase pursuant to the Employee Stock Purchase Plan
on 4/3/00 of 2,499 shares. (2) On the payment date of January 21, 2000,
pursuant to the anti-dilution provisions in the Company's stock option plans,
each option granted by the Company prior to January 7, 2000 was adjusted to
reflect the stock split effected in the form of a stock dividend. Each of the
options reported herein were previously reported. The adjustments in Table II
involve the price of each option, the number of shares underlying such options,
and the number of derivative securities beneficially owned at the end of the
month. (3) The option vests in equal monthly increments over a 48 month period
commencing June 1, 1997. (4) On 12/31/2000, options to purchase 5,490 shares
were vested. (5) The option vests in equal monthly increments over a 60 month
period commencing March 1, 1997. (6) On 12/31/2000 options to purchase 9,980
shares were vested. (7) On 12/31/2000, options to purchase 221 shares were
vested. (8) The option vests in equal monthly increments over a 60 month period
commencing January 1, 1998. (9) On 12/31/2000, options to purchase 6,000 shares
were vested. (10) The option vests in equal monthly increments over a 60 month
period commencing March 1, 1998. (11) On 12/31/2000, options to purchase 22,800
shares were vested. (12) The option vests in equal monthly increments over a 60
month period commencing March 1, 1999. (13) On 12/31/2000, options to purchase
22,348 shares were vested. (14) On 12/31/2000, options to purchase 3,200 shares
were vested. (15) The option vests in equal monthly increments over a 60 month
period commencing March 1, 2000. (16) On 12/31/2000, options to purchase 4,250
shares were vested. (17) On 12/31/2000, options to purchase 2,417 shares were
vested. (18) The options vest on the date of grant with respect to
eight-sixtieths of the total amount, thereafter in equal monthly installments
over a 52 month period commencing 11/1/2000. (19) On 12/31/2000, options to
purchase 6,666 shares were vested.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Norman R. Robertson 1/9/01
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Norman R. Robertson
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.
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