1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 - ------ FORM 4 - ------ 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 --------------------------- OMB APRROVAL --------------------------- OMB Number: 3235-0287 Expires: September 30, 1998 Estimated average burden hours per response __0.5 --------------------------- [ ] 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) - -------------------------------------------------------------------------------- 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 --------------------------------- 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 I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned - ---------------------------------------------------------------------------------------------------------------------------- 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 - ---------------------------------------------------------------------------------------------------------------------------- Common Stock 10/25/99 S 4,432 D $33.25 0 I held by wife - ---------------------------------------------------------------------------------------------------------------------------- Common Stock 10/26/99 S 30,000 D $33.25 571,945 D - ---------------------------------------------------------------------------------------------------------------------------- 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)
2 - ------------------------------------------------------------------------------------------------------------------------ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) - ------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ - --------------------------------------------- - --------------------------------------------- 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) - --------------------------------------------- - --------------------------------------------- Explanation of Responses: /s/ Joseph W. Alsop 11-8-1999 ----------------------------- --------- 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 valid OMB Number. Page 2 SEC 1474(7-96)