SEC Form 4 · accession 0001209191-15-022354
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Pyle
Officer — Senior VP, Engineering
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 5:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001013857
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1 | $20.49 | Mar 2, 2015 | A | 30,365 | A | Mar 2, 2016 | Mar 2, 2025 | Common Stock | 30,365 | 30,365 | D |
| Restricted Stock UnitsF2,F3,F4 | $0.00 | Mar 2, 2015 | A | 11,145 | A | Mar 2, 2016 | — | Common Stock | 11,145 | 11,145 | D |
Explanation of responses
- F1All options vest 20% on March 2, 2016, and the remaining 80% vest in equal quarterly installments over the remaining four years.
- F2Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F3All RSUs vest 20% on March 2, 2016, and the remaining 80% vest in equal quarterly installments over the remaining four years.
- F4Once vested, shares of common stock are not subject to expiration.