SEC Form 4 · accession 0001209191-15-025258
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rafeal E. Brown
Officer — CAO, CFO and Senior VP
Period of report
Mar 9, 2015
Accepted (ET)
Mar 11, 2015 · 5:15 pm EDT
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 9, 2015 | M | 1,758 | $0.00 | A | 15,006 | D | |
| Common Stock | Mar 9, 2015 | F | 572 | $19.94 | D | 14,434 | 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 9, 2015 | M | 1,758 | D | Mar 7, 2015 | — | Common Stock | 8,798 | 7,040 | D |
Explanation of responses
- F1Represents 20% vesting on March 7, 2015. The original grant was 8798 restricted stock units, with 20% vesting on March 7, 2015, and the remaining 80% vesting in equal quarterly installments over the remaining four years. This grant of restricted stock units was previously reported as 4399 shares but has been adjusted to reflect the 2-for-1 forward stock split that occurred on April 1, 2014.
- F2Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F3Once vested, the shares of common stock are not subject to expiration.