SEC Form 4 · accession 0001209191-15-027505
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Efstathios A Kouninis
Officer — VP of Finance & CAO
Period of report
Mar 16, 2015
Accepted (ET)
Mar 18, 2015 · 4:44 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 Stock | Mar 16, 2015 | M | 646 | $0.00 | A | 1,725 | D | |
| Common StockF1 | Mar 16, 2015 | F | 462 | $20.50 | D | 1,263 | D | |
| Common Stock | Mar 16, 2015 | S | 184 | $20.50 | D | 1,079 | D | |
| Common Stock | Mar 16, 2015 | S | 993 | $20.47 | D | 86 | D | |
| Common Stock | Mar 17, 2015 | S | 86 | $20.69 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $11.05 | Mar 16, 2015 | M | 646 | D | Dec 12, 2013 | Dec 12, 2022 | Common Stock | 12,942 | 7,120 | D |
Explanation of responses
- F1Represents the exercise price of the stock options referenced in Table II, which was paid by way of the withholding by the Company of shares with the value equal to the exercise price.
- F2Options vesting 20% on December 12, 2013, and the remaining vesting in equal quarterly installments over the next 4 years.