SEC Form 4 · accession 0001209191-16-107926
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
Mar 9, 2016
Accepted (ET)
Mar 11, 2016 · 5:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001013857
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1 | $25.20 | Mar 9, 2016 | A | 19,118 | A | Mar 9, 2017 | Mar 9, 2026 | Common Stock | 19,118 | 19,118 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Mar 9, 2016 | A | 6,527 | A | Mar 9, 2017 | — | Common Stock | 6,527 | 6,527 | D |
| Restricted Stock UnitsF2,F4,F3 | $0.00 | Mar 9, 2016 | A | 1,288 | A | Mar 9, 2017 | — | Common Stock | 1,288 | 1,288 | D |
Explanation of responses
- F1All options vest 20% on March 9, 2017, and the remaining 80% vest in equal quarterly installments over the remaining four 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.
- F4Represents election by the individual, as part of the Company's Corporate Incentive Plan (CICP), to receive half of their annual bonus in RSUs, based upon the Company's stock price as of March 9, 2016. All RSUs vest 100% on March 9, 2017.