SEC Form 4 · accession 0001209191-15-051848
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
Jun 8, 2015
Accepted (ET)
Jun 10, 2015 · 4:13 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 | 440 | $0.00 | A | 17,571 | D | |
| Common Stock | Jun 8, 2015 | F | 143 | $22.33 | D | 17,428 | 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 UnitsF2,F3 | $0.00 | Jun 8, 2015 | M | 440 | D | Mar 7, 2015 | — | Common Stock | 8,798 | 6,160 | 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 8798 restricted stock units, with 20% vesting on March 7, 2015, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F2Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F3Once vested, the shares of common stock are not subject to expiration.