SEC Form 4 · accession 0001209191-15-078462
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
Nov 2, 2015
Accepted (ET)
Nov 4, 2015 · 4:54 pm EST
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 | Nov 2, 2015 | M | 3,996 | $0.00 | A | 24,418 | D | |
| Common Stock | Nov 2, 2015 | F | 1,299 | $27.89 | D | 23,119 | 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 | Nov 2, 2015 | M | 3,996 | D | Nov 1, 2014 | — | Common Stock | 79,916 | 47,950 | D |
Explanation of responses
- F1Represents 5% vesting on November 1, 2015, with a release date of November 2, 2015, the first business day following the vesting. The original grant was 79,916 restricted stock units, with 20% vesting on November 1, 2014, 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.