SEC Form 4 · accession 0001209191-15-046781
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
May 21, 2015
Accepted (ET)
May 26, 2015 · 5:06 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 | May 21, 2015 | A | 6,788 | A | May 21, 2016 | — | Common Stock | 6,788 | 6,788 | D |
| Stock OptionsF4 | $22.40 | May 21, 2015 | A | 19,256 | A | May 21, 2016 | May 21, 2025 | Common Stock | 19,256 | 19,256 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to recieve, following vesting, one share of Pegasystems Inc.'s common stock.
- F2All RSUs vest 20% on May 21, 2016, and the remaining 80% vest in equal quarterly installments over the remaining four years.
- F3Once vested, shares of common stock are not subject to expiration.
- F4All Stock Options vest 20% on May 21, 2016, and the remaining 80% vest in equal quarterly installments over the remaining four years.