SEC Form 4 · accession 0001209191-16-126636
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
Jun 7, 2016
Accepted (ET)
Jun 8, 2016 · 6:08 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 | Jun 7, 2016 | M | 1,756 | $0.00 | A | 1,756 | D | |
| Common StockF1 | Jun 7, 2016 | F | 1,420 | $27.98 | D | 336 | D | |
| Common Stock | Jun 7, 2016 | S | 336 | $27.99 | D | 0 | D | |
| Common Stock | Jun 7, 2016 | M | 4,217 | $0.00 | A | 4,217 | D | |
| Common StockF1 | Jun 7, 2016 | F | 3,455 | $27.98 | D | 762 | D | |
| Common Stock | Jun 7, 2016 | S | 762 | $27.99 | D | 0 | D | |
| Common StockF2 | Jun 7, 2016 | M | 76 | $0.00 | A | 76 | D | |
| Common Stock | Jun 7, 2016 | F | 25 | $27.77 | D | 51 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3 | $20.05 | Jun 7, 2016 | M | 1,756 | D | Mar 7, 2015 | Mar 7, 2024 | Common Stock | 3,904 | 2,148 | D |
| Stock OptionsF4 | $20.49 | Jun 7, 2016 | M | 4,217 | D | Mar 2, 2016 | Mar 2, 2025 | Common Stock | 16,870 | 12,653 | D |
| Restricted Stock UnitsF5,F2,F6 | $0.00 | Jun 7, 2016 | M | 76 | D | Mar 7, 2015 | — | Common Stock | 1,508 | 830 | 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.
- F2Represents 5% vesting on June 7, 2016. The original grant was 1508 restricted stock units, with 20% vesting on March 7, 2015, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F3Options vested 20% on March 7, 2015, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F4Options vested 20% on March 2, 2016, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F5Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F6Once vested, the shares of common stock are not subject to expiration.