SEC Form 4 · accession 0001209191-15-051846
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas I Kra
Officer — Senior VP, Pega Consulting
Period of report
Jun 8, 2015
Accepted (ET)
Jun 10, 2015 · 4:11 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 | Jun 8, 2015 | M | 280 | $0.00 | A | 29,780 | D | |
| Common Stock | Jun 8, 2015 | F | 91 | $22.33 | D | 29,689 | D | |
| Common StockF2 | Jun 8, 2015 | M | 502 | $0.00 | A | 30,191 | D | |
| Common Stock | Jun 8, 2015 | F | 164 | $22.33 | D | 30,027 | 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 UnitsF3,F4 | $0.00 | Jun 8, 2015 | M | 280 | D | Mar 7, 2013 | — | Common Stock | 5,596 | 1,960 | D |
| Restricted Stock UnitsF3,F4 | $0.00 | Jun 8, 2015 | M | 502 | D | Mar 7, 2015 | — | Common Stock | 10,054 | 7,542 | D |
Explanation of responses
- F1Represents 5% vesting on Sunday, June 7, 2015, with the release date of Monday, June 8, 2015, the first business day following vesting. The original grant was 5596 restricted stock units, with 20% vesting on March 7, 2013, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F2Represents 5% vesting on Sunday, June 7, 2015, with the release date of Monday, June 8, 2015, the first business day following vesting. The original grant was 10054 restricted stock units, with 20% vesting on March 7, 2015, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F3Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock
- F4Once vested, the shares of common stock are not subject to expiration.