SEC Form 4 · accession 0001209191-16-127843
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sharon T Rowlands
Director
Period of report
Jun 10, 2016
Accepted (ET)
Jun 14, 2016 · 6:43 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 StockF1 | Jun 10, 2016 | M | 1,151 | $27.16 | A | 1,898 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3,F4 | $0.00 | Jun 10, 2016 | M | 4,603 | A | Jun 10, 2016 | — | Common Stock | 4,603 | 4,603 | D |
| Restricted Stock UnitsF2,F1,F4 | $0.00 | Jun 10, 2016 | M | 1,151 | D | Jun 10, 2016 | — | Common Stock | 4,603 | 3,452 | D |
Explanation of responses
- F1Represents 25% vesting on June 10, 2016. Original grant was 4,603 restricted stock units (RSUs). The remaining 75% vests in equal quarterly installments over the next three quarters.
- F2Each RSU represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F3Represents a grant of 4,603 RSUs on June 10, 2016, in consideration for Ms. Rowlands' service as a member of the Company's Board of Directors. These RSUs will vest in equal quarterly amounts with 25% vesting on the grant date, and the remaining 75% vesting over the next three quarters.
- F4Once vested, the shares of common stock are not subject to expiration.