Sec Form 4 Filing - EGAN JOHN R @ PROGRESS SOFTWARE CORP /MA - 2018-10-01

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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1. Name and Address of Reporting Person EGAN JOHN R 2. Issuer Name and Ticker or Trading Symbol PROGRESS SOFTWARE CORP /MA [ PRGS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 14 OAK PARK DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 10/01/2018 (Street) BEDFORD, MA01730 4. If Amendment, Date Original Filed (MM/DD/YY) 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 Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 10/01/2018 M 4,521 A $ 20.73 58,079 D Common Stock 10/01/2018 F 2,624 ( 1 ) D $ 35.7226 55,455 D Common Stock 10/01/2018 M 27,125 A $ 20.73 82,580 D Common Stock 10/01/2018 F 15,741 ( 1 ) D $ 35.7226 66,839 D Common Stock 10/01/2018 M 18,484 A $ 19.93 85,323 D Common Stock 10/01/2018 F 10,312 ( 1 ) D $ 35.7226 75,011 D Common Stock 10/01/2018 M 8,210 A $ 21.46 83,221 D Common Stock 10/01/2018 F 4,932 ( 1 ) D $ 35.7226 78,289 D Common Stock 10/01/2018 M 8,403 A $ 21.8 86,692 D Common Stock 10/01/2018 F 5,128 ( 1 ) D $ 35.7226 81,564 D Common Stock 10/01/2018 M 5,889 A $ 25.76 87,453 D Common Stock 10/01/2018 F 4,247 ( 1 ) D $ 35.7226 83,206 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Options $ 20.73 10/01/2018 M 4,521 10/01/2011 10/14/2018 Common Stock 4,521 $ 0 0 D Stock Options $ 20.73 10/01/2018 M 27,125 ( 2 ) 10/14/2018 Common Stock 27,125 $ 0 0 D Stock Options $ 19.93 10/01/2018 M 18,484 12/01/2012 05/28/2019 Common Stock 18,484 $ 0 0 D Stock Options $ 21.46 10/01/2018 M 8,210 12/01/2013 04/08/2020 Common Stock 8,210 $ 0 0 D Stock Options $ 21.8 10/01/2018 M 8,403 12/01/2014 03/30/2021 Common Stock 8,403 $ 0 0 D Stock Option $ 25.76 10/01/2018 M 5,889 12/01/2015 04/05/2022 Common Stock 5,889 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other EGAN JOHN R 14 OAK PARK DRIVE BEDFORD, MA01730 X Signatures Stephen H. Faberman, Attorney-in-Fact 10/03/2018 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents shares of common stock withheld by Progress Software Corporation to pay the option exercise price in connection with the exercise of options by the Reporting Person on October 1, 2018. ( 2 )1131 options vested on October 1, 2011. The remainder of the options vested on August 1, 2015.

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).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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