January 18, 2011
Securities and Exchange Commission
450 Fifth Street NW
Washington, DC 20549
RE: Schedule 13G
Progress Software Corp.
As of December 31, 2010
Gentlemen:
In accordance with Section 13(d)(5) of the
Securities Exchange Act of 1934, attached please
find a copy of Schedule 13G for the above named
company showing beneficial ownership of 5% or more
as of December 31, 2010 filed on behalf of Eagle
Asset Management, Inc.
Very truly yours,
Damian Sousa
Vice President
Chief Compliance Officer
DS:dv
Enclosures
cc: Office of the Corporate Secretary
Progress Software Corp.
14 Oak Park
Bedford, MA 01730
Securities Division
NASD Financial Center
33 Whitehall Street
New York, NY 10004
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Progress Software Corp.
(Name of Issuer)
Common Stock par value $0.01 per share
(Title of Class of Securities)
743312100
(CUSIP Number)
Check the following box if a fee is being paid with
this statement _____. (A fee is not required only if
the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1;
and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent or
less of such class.) (See Rule 13d-7.)
*The remainder of this cover page shall be filled out
for a reporting person's initial filing on this form
with respect to the subject class of securities, and
for any subsequent amendment containing information
which would alter the disclosures provided in a prior
cover page.
The information required in the remainder of this
cover page shall not be deemed to be "filed" for
the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall
be subject to all other provisions of the Act
(however, see the Notes).
Page 1 of 5 Pages
CUSIP NO. 552697104 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eagle Asset Management, Inc. 59-2385219
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) ______
(B) ______
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Florida
NUMBER OF 5 SOLE VOTING POWER
SHARES 2,975,161
BENEFICIALLY 6 SHARED VOTING POWER
OWNED - - -
AS OF
DECEMBER 31, 2008 7 SOLE DISPOSITIVE POWER
BY EACH 2,975,161
REPORTING 8 SHARED DISPOSITIVE POWER
PERSON WITH - - -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,975,161
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_____]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.87%
12 TYPE OF REPORTING PERSON*
IA
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5 Pages
Item 1(a) Name of Issuer:
Progress Software Corp.
Item 1(b) Address of Issuer's Principal Executing Offices:
14 Oak Park
Bedford, MA 01730
Item 2(a) Name of Person Filing:
Eagle Asset Management, Inc.
Item 2(b) Address of Principal Business Office:
880 Carillon Parkway
St. Petersburg, Florida 33716
Item 2(c) Citizenship:
Florida
Item 2(d) Title of Class of Securities:
Common Stock par value $0.01 per share
Item 2(e) CUSIP Number:
743312100
Item 3 Type of Reporting Person:
(e) Investment Adviser registered under Section 203 of the
Investment Advisors Act of 1940
Page 3 of 5 Pages
Item 4 Ownership as of December 31, 2010
(a) Amount Beneficially Owned:
2,975,161 shares of common stock beneficially owned including:
No. of Shares
Eagle Asset Management, Inc. 2,975,161
(b) Percent of Class: 6.87%
(c) Deemed Voting Power and Disposition Power:
(i) (ii) (iii) (iv)
Deemed Deemed
Deemed Deemed to have to have
to have to have Sole Power Shared Power
Sole Power Shared Power to Dispose to Dispose
to Vote or to Vote or or to or to
to Direct to Direct Direct the Direct the
to Vote to Vote Disposition Disposition
Eagle Asset 2,975,161 ---- 2,975,161 ----
Management, Inc.
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact
that as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of securities,
check the following.
(__)
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
N/A
Item 7 Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on by the Parent Holding Company:
N/A
Page 4 of 5 Pages
Item 8 Identification and Classification of Members of the Group: N/A
Item 9 Notice of Dissolution of Group: N/A
Item 10 Certification:
By signing below I certify that to the best of my knowledge
and belief, the securities referred to above were acquired
in the ordinary course of business and were not acquired for
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant
in any transaction having such purposes or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Date: January 18, 2011 EAGLE ASSET MANAGEMENT, INC.
__________________________________
Damian Sousa
Vice President
Chief Compliance Officer
Page 5 of 5 Pages