SEC Form 4 · accession 0001209191-15-028262
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 20, 2015 · 5:05 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | $0.00 | Mar 2, 2015 | A | 4,842 | A | Mar 2, 2016 | — | Common Stock | 4,842 | 4,842 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F2Represents election by the individual, as part of the Company's Corporate Incentive Compensation Plan (CICP), to receive half of their annual bonus in RSUs, based upon the Company's stock price as of March 2, 2015. All RSUs vest 100% in March 2016, subject to attainment of the CICP performance threshold for the year ending December 31, 2015.
- F3Once vested, the shares of common stock are not subject to expiration.