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 OF SECURITIES 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 * Conway Gary G   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) EVP, Chief Marketing Officer (Last) (First) (Middle) C/O PROGRESS SOFTWARE CORPORATION\, 14 OAK PARK 3. Date of Earliest Transaction (Month/Day/Year) 02/15/2011 (Street) BEDFORD, MA 01730 4. If Amendment, Date Original Filed(Month/Day/Year) 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 02/15/2011   S   4,802 D $ 30.82 16,241 D   Common Stock 02/15/2011   M   4,862 A $ 11.367 21,103 D   Common Stock 02/15/2011   S   4,862 D $ 30.82 16,241 D   Common Stock 02/15/2011   M   4,945 A $ 14.293 21,186 D   Common Stock 02/15/2011   S   4,945 D $ 30.82 16,241 D   Common Stock 02/15/2011   M   10,502 A $ 19.473 26,743 D   Common Stock 02/15/2011   S   10,502 D $ 30.82 16,241 D   Common Stock 02/15/2011   M   1,800 A $ 21.32 18,041 D   Common Stock 02/15/2011   S   1,800 D $ 30.82 16,241 (1) D

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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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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 (Month/Day/Year)

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 Option

$ 11.367 (2)

02/15/2011

M

4,862

(3)

01/14/2016

Common Stock

4,862 (2)

$ 0

22,222 (2)

D

Stock Option

$ 14.293 (2)

02/15/2011

M

4,945

(3)

07/15/2016

Common Stock

4,945 (2)

$ 0

22,222 (2)

D

Stock Option

$ 19.473 (2)

02/15/2011

M

10,502

(4)

01/14/2017

Common Stock

10,502 (2)

$ 0

34,498 (2)

D

Stock Option

$ 21.32 (2)

02/15/2011

M

1,800

(5)

04/26/2017

Common Stock

1,800 (2)

$ 0

7,200 (2)

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Conway Gary G C/O PROGRESS SOFTWARE CORPORATION\ 14 OAK PARK BEDFORD, MA 01730			EVP, Chief Marketing Officer

Signatures

Gary Conway		02/17/2011
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	This share amount has been adjusted to reflect the Issuer's 3-for-2 stock split which was completed on January 28, 2011, resulting in the Reporting Person's ownership of 7,014 additional shares of common stock.
(2)	The exercise price and number of underlying securities have been adjusted as a result of the 3-for-2 stock split completed by the Issuer on January 28, 2011.
(3)	The option vests in equal monthly increments over a 54 month period which commenced on the first day following the Reporting Person completing six months of service with Issuer.
(4)	One-sixtieth (1/60) of the option was vested and exercisable on the grant date. The remaining options vest in 59 equal monthly increments commencing on February 1, 2010.
(5)	Two-sixtieths (2/60) of the option were vested and exercisable on the grant date. The remaining options vest in 58 equal monthly increments commencing on May 1, 2010.

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