SEC Form 4 · accession 0001209191-16-128253
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 14, 2016
Accepted (ET)
Jun 16, 2016 · 5:27 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 14, 2016 | M | 150 | $0.00 | A | 201 | D | |
| Common StockF1 | Jun 14, 2016 | F | 105 | $27.65 | D | 96 | D | |
| Common Stock | Jun 14, 2016 | S | 45 | $27.66 | D | 51 | D | |
| Common Stock | Jun 14, 2016 | M | 646 | $0.00 | A | 697 | D | |
| Common StockF1 | Jun 14, 2016 | F | 385 | $27.65 | D | 312 | D | |
| Common Stock | Jun 14, 2016 | S | 261 | $27.66 | D | 51 | D | |
| Common StockF2 | Jun 14, 2016 | M | 58 | $0.00 | A | 109 | D | |
| Common Stock | Jun 14, 2016 | F | 19 | $27.23 | D | 90 | D | |
| Common Stock | Jun 15, 2016 | S | 90 | $27.86 | 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 OptionsF3 | $15.19 | Jun 14, 2016 | M | 150 | D | Dec 14, 2012 | Dec 14, 2021 | Common Stock | 2,998 | 300 | D |
| Stock OptionsF4 | $11.05 | Jun 14, 2016 | M | 646 | D | Dec 12, 2013 | Dec 12, 2022 | Common Stock | 12,942 | 3,884 | D |
| Restricted Stock UnitsF5,F2,F6 | $0.00 | Jun 14, 2016 | M | 58 | D | Dec 14, 2012 | — | Common Stock | 1,164 | 118 | 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 witholding by the Company of shares of equal value.
- F2Represents 5% vesting on June 14, 2016. The original grant was 1,164 restricted stock units, with 20% vesting on December 14, 2012, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F3Options vested 20% on December 14, 2012, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F4Options vested 20% on December 12, 2013, 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.