SEC Form 4 · accession 0001209191-15-070761
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Efstathios A Kouninis
Officer — VP of Finance & CAO
Period of report
Sep 14, 2015
Accepted (ET)
Sep 15, 2015 · 4:41 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 14, 2015 | M | 50 | $0.00 | A | 117 | D | |
| Common Stock | Sep 14, 2015 | F | 17 | $24.93 | D | 100 | D | |
| Common StockF2 | Sep 14, 2015 | M | 58 | $0.00 | A | 158 | D | |
| Common Stock | Sep 14, 2015 | F | 19 | $24.93 | D | 139 | 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 14, 2015 | M | 50 | D | Dec 14, 2011 | — | Common Stock | 1,006 | 52 | D |
| Restricted Stock UnitsF3,F2,F4 | $0.00 | Sep 14, 2015 | M | 58 | D | Dec 14, 2012 | — | Common Stock | 1,164 | 292 | D |
Explanation of responses
- F1Represents 5% vesting on September 14, 2015. The Original grant was 1,006 restricted stock units, with 20% vesting on December 14, 2011, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
- F2Represents 5% vesting on September 14, 2015. The Original grant was 1,164 restricted stock units, with 20% vesting on December 14, 2012, 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.