SEC Form 4 · accession 0001209191-16-106142
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
Mar 2, 2016
Accepted (ET)
Mar 4, 2016 · 4:49 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 | Mar 2, 2016 | S | 15,000 | $25.26 | D | 28,633 | D | |
| Common StockF2 | Mar 2, 2016 | M | 2,229 | $0.00 | A | 30,862 | D | |
| Common Stock | Mar 2, 2016 | F | 842 | $25.57 | D | 30,020 | D | |
| Common StockF3 | Mar 2, 2016 | M | 4,842 | $0.00 | A | 34,862 | D | |
| Common Stock | Mar 2, 2016 | F | 1,564 | $25.57 | D | 33,298 | 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 UnitF4,F2,F5 | $0.00 | Mar 2, 2016 | M | 2,229 | D | Mar 2, 2016 | — | Common Stock | 11,145 | 8,916 | D |
| Restricted Stock UnitF4,F3,F5 | $0.00 | Mar 2, 2016 | M | 4,842 | D | Mar 2, 2016 | — | Common Stock | 4,842 | 0 | D |
Explanation of responses
- F1Represents the weighted average of the sale prices on March 2, 2016, ranging from $25.22 to $25.34.
- F2Represents 20% vesting on March 2, 2016. The original grant was 11,145 restricted stock units, with 20% vesting on March 2, 2016, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F3Represents 100% vesting on March 2, 2016. The original grant was issued on March 2, 2015, in the amount of 4842 restricted stock units.
- F4Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F5Once vested, the shares of common stock are not subject to expiration.