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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
ALSOP JOSEPH WRIGHT
   2. Issuer Name and Ticker or Trading Symbol
PROGRESS SOFTWARE CORP /MA [PRGS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO
(Last)
(First)
(Middle)
14 OAK PARK		 3. Date of Earliest Transaction (Month/Day/Year)
03/02/2007
(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               344,225 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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 (right to buy) $ 5.2884 03/02/2007   D     3,325   (1) 03/03/2007 Common Stock 3,325 (2) 0 D  
Stock Option (right to buy) $ 10.5784               (3) 02/01/2008 Common Stock 240,000   240,000 D  
Stock Option (right to buy) $ 16.19               (4) 09/01/2008 Common Stock 200,000   200,000 D  
Stock Option (right to buy) $ 13.8788               (5) 05/17/2009 Common Stock 62,000   62,000 D  
Stock Option (right to buy) $ 23               (6) 02/18/2010 Common Stock 100,000   100,000 D  
Stock Option (right to buy) $ 14.9425               (7) 10/06/2010 Common Stock 150,000   150,000 D  
Stock Option (right to buy) $ 16.19               (4) 09/01/2008 Common Stock 50,000   50,000 D  
Stock Option (right to buy) $ 14.3025               (8) 04/02/2011 Common Stock 100,000   100,000 D  
Stock Option (right to buy) $ 14.3025               (8) 04/02/2011 Common Stock 25,000   25,000 D  
Stock Option (right to buy) $ 17.424               (9) 10/09/2011 Common Stock 75,000   75,000 D  
Stock Option (right to buy) $ 17.424               (9) 10/09/2011 Common Stock 50,000   50,000 D  
Stock Option (right to buy) $ 13.5               (10) 08/01/2012 Common Stock 250,000   250,000 D  
Stock Option (right to buy) $ 16.99               (11) 02/23/2013 Common Stock 125,000   125,000 D  
Stock Option (right to buy) $ 18.75               (12) 05/23/2014 Common Stock 75,000   75,000 D  
Stock Option (right to buy) $ 21.45               (13) 09/26/2014 Common Stock 125,000   125,000 D  
Stock Option (right to buy) $ 12.8125               (14) 02/10/2009 Common Stock 248,000   248,000 D  
Stock Option (right to buy) $ 21.86               (15) 11/10/2013 Common Stock 125,000   125,000 D  
Stock Option (right to buy) $ 23.07               (16) 05/21/2013 Common Stock 90,000   90,000 D  
Stock Option (right to buy) $ 25.01               (16) 09/19/2013 Common Stock 90,000   90,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ALSOP JOSEPH WRIGHT
14 OAK PARK
BEDFORD, MA 01730		   X     CEO  

Signatures

 /s/ Joseph Wright Alsop   03/06/2007
**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) The option was originally granted on March 3, 1997 and vested in 60 equal monthly increments in effect commencing on March 1, 1997.
(2) These securities of the reporting person were surrendered to the Issuer for cancellation as payment for the amount due to the Issuer under an Option Amendment Agreement.
(3) The option was originally granted on February 3, 1998 and vested in 60 equal monthly increments in effect commencing on March 1, 1998.
(4) The option was originally granted on September 1, 1998 and vested in 60 equal monthly increments in effect commencing on March 1, 1998.
(5) The option was originally granted on May 17, 1999 and vested in 60 equal monthly increments in effect commencing on March 1, 1999.
(6) The option was originally granted on February 18, 2000 and vested in 60 equal monthly increments in effect commencing on March 1, 2000.
(7) The option was originally granted on October 6, 2000 and vested in 60 equal monthly increments in effect commencing on March 1, 2000.
(8) The option was originally granted on April 3, 2001 and vested in 60 equal monthly increments in effect commencing on March 1, 2001.
(9) The option was originally granted on October 10, 2001 and vested in 60 equal monthly increments in effect commencing on March 1, 2001.
(10) The option was originally granted on August 2, 2002 and vests in 60 equal monthly increments in effect commencing on March 1, 2002.
(11) The option was originally granted on February 24, 2003 and vests in 60 equal monthly increments in effect commencing on March 1, 2003.
(12) The option was originally granted on May 24, 2004 and vests in 60 equal monthly increments in effect commencing on March 1, 2004.
(13) The option was originally granted on September 27, 2004 and vests in 60 equal monthly increments in effect commencing on March 1, 2004.
(14) The option vested in 60 monthly increments in effect commencing on March 1, 1999.
(15) The option vested in 60 monthly increments in effect commencing on March 1, 2003.
(16) The option vested in 60 monthly increments in effect commencing on March 1, 2006.

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.