SEC Form 4 · accession 0001209191-16-107931
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leon Trefler
Officer — SVP, Global Customer Success
Period of report
Mar 9, 2016
Accepted (ET)
Mar 11, 2016 · 5:35 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 | 35,295 | A | Mar 9, 2017 | Mar 9, 2026 | Common Stock | 35,295 | 35,295 | D |
| Restricted Stock UnitsF2,F3,F4 | $0.00 | Mar 9, 2016 | A | 12,049 | A | Mar 9, 2017 | — | Common Stock | 12,049 | 12,049 | 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.
- F3All RSUs vest 20% on March 9, 2017, and the remaining 80% vest in equal quarterly installments over the remaining four years.
- F4Once vested, the shares of common stock are not subject to expiration.