Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
REIDY RICHARD
  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)
President, DataDirect Tech.
(Last)
(First)
(Middle)
14 OAK PARK
3. Date of Earliest Transaction (Month/Day/Year)
05/03/2005
(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 05/03/2005   M   276 A $ 5.6667 1,885 (1) D  
Common Stock 05/03/2005   M   6,102 A $ 5.4167 7,987 D  
Common Stock 05/03/2005   M   3,622 A $ 7.2084 11,609 D  
Common Stock 05/03/2005   M   10,000 A $ 7.2084 21,609 D  
Common Stock 05/03/2005   S   10,000 D $ 25.7909 11,609 D  
Common Stock 05/03/2005   S   10,000 D $ 25.8227 1,609 D  
Common Stock 05/04/2005   M   20,000 A $ 7.2084 21,609 D  
Common Stock 05/04/2005   S   10,000 D $ 26.2802 11,609 D  
Common Stock 05/04/2005   S   10,000 D $ 26.0343 1,609 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Nonqualified Stock Options $ 5.6667 05/03/2005   M     276 08/01/1995(2) 07/24/2005 Common Stock 276 $ 5.6667 0 (3) D  
Nonqualified Stock Options $ 5.4167 05/03/2005   M     6,102 08/01/1997(4) 07/24/2007 Common Stock 6,102 $ 5.4167 0 (3) D  
Nonqualified Stock Options $ 7.2084 05/03/2005   M     13,622 03/01/1998(5) 02/01/2008 Common Stock 13,622 $ 7.2084 92,278 (3) D  
Nonqualified Stock Options $ 7.2084 05/04/2005   M     20,000 03/01/1998(5) 02/01/2008 Common Stock 20,000 $ 7.2084 72,278 (3) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
REIDY RICHARD
14 OAK PARK
BEDFORD, MA 01730
      President, DataDirect Tech.  

Signatures

 Richard D. Reidy   05/05/2005
**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) Includes a purchase made pursuant to the Employee Stock Purchase Plan of 1,070 shares on April 1, 2005.
(2) The option vests in equal monthly increments over a 60 month period commencing August 1, 1995.
(3) As of May 5, 2005, options to purchase all shares were vested.
(4) The option vests in equal monthly increments over a 60 month period commencing August 1, 1997.
(5) The option vests in equal monthly increments over a 60 month period commencing March 1, 1998.

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