Sec Form 4 Filing - Jalbert Paul A @ PROGRESS SOFTWARE CORP /MA - 2017-04-01

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 Jalbert Paul A 2. Issuer Name and Ticker or Trading Symbol PROGRESS SOFTWARE CORP /MA [ PRGS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Financial Officer (Last) (First) (Middle) C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 04/01/2017 (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 04/01/2017 M 350 A $ 0 ( 1 ) 5,506 ( 2 ) D Common Stock 04/01/2017 F 133 ( 3 ) D $ 29.12 5,373 D Common Stock 04/01/2017 M 333 A $ 0 ( 1 ) 5,706 D Common Stock 04/01/2017 F 126 ( 4 ) D $ 29.12 5,580 D Common Stock 04/01/2017 M 159 A $ 0 ( 1 ) 5,739 D Common Stock 04/01/2017 F 61 ( 5 ) D $ 29.12 5,678 D Common Stock 04/01/2017 M 333 A $ 0 ( 1 ) 6,011 D Common Stock 04/01/2017 F 126 ( 6 ) D $ 29.12 5,885 D Common Stock 04/01/2017 M 166 A $ 0 ( 1 ) 6,051 D Common Stock 04/01/2017 F 58 ( 7 ) D $ 29.12 5,993 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 Restricted Stock Units ( 1 ) 04/01/2017 M 350 ( 8 ) ( 8 ) Common Stock 350 $ 0 0 D Restricted Stock Units ( 1 ) 04/01/2017 M 333 ( 9 ) ( 9 ) Common Stock 333 $ 0 668 D Restricted Stock Units ( 1 ) 04/01/2017 M 159 ( 10 ) ( 10 ) Common Stock 159 $ 0 668 D Restricted Stock Units ( 1 ) 04/01/2017 M 333 ( 11 ) ( 11 ) Common Stock 333 $ 0 1,336 D Restricted Stock Units ( 1 ) 04/01/2017 M 166 ( 12 ) ( 12 ) Common Stock 166 $ 0 1,335 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Jalbert Paul A C/O PROGRESS SOFTWARE CORPORATION 14 OAK PARK DRIVE BEDFORD, MA01730 Chief Financial Officer Signatures Paul A. Jalbert 04/05/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Restricted stock units convert into common stock on a one-for-one basis. ( 2 )Includes the sale of 21,041 shares of common stock as reported on the Reporting Person's Form 4 filed on July 12, 2016 but omitted from the Amount of Securities Beneficially Owned in the Form 4 filed on October 4, 2016. ( 3 )Represents shares of common stock withheld by Issuer to pay tax witholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 13, 2014. ( 4 )Represents shares of common stock withheld by Issuer to pay tax witholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 15, 2015. ( 5 )Represents shares of common stock withheld by Issuer to pay tax witholding obligation of Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 15, 2015. ( 6 )Represents shares of common stock withheld by Issuer to pay tax witholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 18, 2016. ( 7 )Represents shares of common stock withheld by Issuer to pay tax witholding obligation of Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 18, 2016. ( 8 )On January 13, 2014, the Reporting Person was granted 2,099 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2014, subject to the continued employment of the Reporting Person with Issuer. ( 9 )On January 15, 2015, the Reporting Person was granted 2,000 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2015, subject to the continued employment of the Reporting Person with Issuer. ( 10 )On January 15, 2015, the Reporting Person was granted 2,000 performance-based restricted stock units based on Issuer performance in FY15. Each performance-based restricted stock unit vests in five installments, with one-third vested on April 1, 2016 and the remaining restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer. ( 11 )On January 18, 2016, the Reporting Person was granted 2,002 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2016, subject to the continued employment of the Reporting Person with Issuer. ( 12 )On January 18, 2016, the Reporting Person was granted 2,002 performance-based restricted stock units, vesting in five installments, with one-third vesting on April 1, 2017 and the remaining performance-based restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.

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