SEC Form 4 · accession 0001209191-15-070120
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
Sep 8, 2015
Accepted (ET)
Sep 10, 2015 · 4:19 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 | Sep 8, 2015 | M | 280 | $0.00 | A | 42,623 | D | |
| Common Stock | Sep 8, 2015 | F | 91 | $24.00 | D | 42,532 | D | |
| Common StockF2 | Sep 8, 2015 | M | 440 | $0.00 | A | 42,972 | D | |
| Common Stock | Sep 8, 2015 | F | 143 | $24.00 | D | 42,829 | 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,F1,F4 | $0.00 | Sep 8, 2015 | M | 280 | D | Mar 7, 2013 | — | Common Stock | 5,596 | 1,680 | D |
| Restricted Stock UnitsF3,F2,F4 | $0.00 | Sep 8, 2015 | M | 440 | D | Mar 7, 2015 | — | Common Stock | 8,798 | 6,160 | D |
Explanation of responses
- F1Represents 5% vesting on Monday, September 7, 2015 (Labor Day), with the release date of Tuesday, September 8, 2015, the first business day following vesting. The Original grant was 5,596 restricted stock units, with 20% vesting on March 7, 2013, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
- F2Represents 5% vesting on Monday, September 7, 2015 (Labor Day), with the release date of Tuesday, September 8, 2015, the first business day following vesting. The Original grant was 8,798 restricted stock units, with 20% vesting on March 7, 2015, and the remaining 80% vesting in equal quarterly installments over the remaining four 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.