SEC Form 4 · accession 0001209191-16-118851
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
May 9, 2016
Accepted (ET)
May 10, 2016 · 5:00 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 | May 9, 2016 | M | 648 | $0.00 | A | 648 | D | |
| Common StockF1 | May 9, 2016 | F | 397 | $25.97 | D | 251 | D | |
| Common Stock | May 9, 2016 | S | 251 | $25.98 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $11.05 | May 9, 2016 | M | 648 | D | Dec 12, 2013 | Dec 12, 2022 | Common Stock | 12,942 | 4,530 | D |
Explanation of responses
- F1Represents the exercise price of the Stock Options referenced in Table II and Mr. Kouninis' tax liability, which were paid by way of withholding by the Company of shares of equal value.
- F2Options vested 20% on December 12, 2013, with the remaining 80% vesting in equal quarterly installments over the next four years.