SEC Form 4 · accession 0001209191-16-111618
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas I Kra
Officer — SVP, Global Customer Success
Period of report
Apr 1, 2016
Accepted (ET)
Apr 1, 2016 · 4:36 pm EDT
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 Stock | Apr 1, 2016 | M | 1,524 | $0.00 | A | 35,560 | D | |
| Common StockF1 | Apr 1, 2016 | F | 741 | $25.16 | D | 34,819 | D | |
| Common StockF2,F3 | Apr 1, 2016 | S | 783 | $25.12 | D | 34,036 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF4,F5 | $6.00 | Apr 1, 2016 | M | 1,524 | D | Dec 13, 2008 | Dec 13, 2017 | Common Stock | 32,000 | 30,476 | D |
Explanation of responses
- F1Represents the exercise price of the Stock Options referenced in Table II and Mr. Kra's tax liability, which were paid by way of withholding by the Company of shares of equal value.
- F2Sold pursuant to the pre-arranged stock trading plan under rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F3Represents the weighted average of the sale prices on April 1, 2016, ranging from $25.02 to $25.19.
- F4Options vested 20% on December 13, 2008, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F5The stock option grant was previously reported as 16,000 shares, but has been adjusted to reflect the 2-for-1 forward stock split that occurred on April 1, 2014.