SEC Form 4 · accession 0001209191-15-085341
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
Dec 14, 2015
Accepted (ET)
Dec 15, 2015 · 4:53 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 | Dec 14, 2015 | M | 52 | $0.00 | A | 115 | D | |
| Common Stock | Dec 14, 2015 | F | 17 | $27.37 | D | 98 | D | |
| Common StockF2 | Dec 14, 2015 | M | 58 | $0.00 | A | 156 | D | |
| Common Stock | Dec 14, 2015 | F | 19 | $27.37 | D | 137 | 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 UnitF3,F4 | $0.00 | Dec 14, 2015 | M | 52 | D | Dec 14, 2011 | — | Common Stock | 1,006 | 0 | D |
| Restricted Stock UnitF3,F4 | $0.00 | Dec 14, 2015 | M | 58 | D | Dec 14, 2012 | — | Common Stock | 1,164 | 234 | D |
Explanation of responses
- F1Represents 5% vesting on December 14, 2015. The original grant was 1006 restricted stock units, with 20% vesting on December 14, 2011, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F2Represents 5% vesting on December 14, 2015. The original grant was 1164 restricted stock units, with 20% vesting on December 14, 2012, 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.