SEC Form 4 · accession 0001209191-15-046029
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven F Kaplan
Director
Period of report
May 21, 2015
Accepted (ET)
May 22, 2015 · 3:23 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 | May 21, 2015 | A | 4,242 | $22.40 | A | 65,195 | D | |
| Common Stock | May 21, 2015 | M | 30,000 | $0.00 | A | 95,195 | D | |
| Common StockF2 | May 21, 2015 | F | 4,001 | $22.12 | D | 91,194 | D | |
| Common StockF3 | May 21, 2015 | S | 25,999 | $22.03 | D | 65,195 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF4,F5,F6 | $2.95 | May 21, 2015 | M | 30,000 | D | Jun 2, 2006 | Jun 2, 2015 | Common Stock | 30,000 | 0 | D |
Explanation of responses
- F1Represents shares of unrestricted common stock received as consideration for Mr. Kaplan's services as a Director of Pegasystems Inc. for the upcoming 12 month period.
- F2Represents the exercise price of the Stock Options referenced in Table II, which was paid by way of withholding by the Company of shares of equal value.
- F3Represents the weighted average of sales prices on 5/21/2015, ranging from $22.00 to 22.14.
- F4This exercise price as previously reported as $5.90, but has been adjusted to reflect the 2-for-1 forward stock split of Pegasystems Inc.'s common stock that occurred on April 1, 2014.
- F5Options vested 20% on 6/02/2006, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F6This Stock Options grant was previously reported as 15,000 shares, but has been adjusted to reflect the 2-for-1 forward stock split of Pegasystems Inc.'s common Stock that occurred on April 1, 2014.