SEC Form 4 · accession 0001209191-15-020300
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leon Trefler
Officer — Senior Vice President, Sales
Period of report
Mar 2, 2015
Accepted (ET)
Mar 2, 2015 · 4:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001013857
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 2, 2015 | M | 350 | $0.00 | A | 7,633 | D | |
| Common Stock | Mar 2, 2015 | F | 111 | $19.79 | D | 7,522 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F1,F3 | $0.00 | Mar 1, 2015 | M | 350 | D | Mar 1, 2011 | — | Common Stock | 3,499 | 0 | D |
Explanation of responses
- F1Represents a 5% quarterly vesting on March 1, 2015. Original grant was 3499 restricted stock units, with 20% vesting on March 1, 2011, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
- F2Each restricted stock unit represents the right to recieve, following vesting, one share of Pegasystems Inc.'s common sotck.
- F3Once vested, shares of common stock are not subject to expiration.