SEC Form 4 · accession 0001209191-16-135300
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Stillwell
Officer — CFO, SVP
Period of report
Aug 1, 2016
Accepted (ET)
Aug 3, 2016 · 6:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001013857
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options - Right to AcquireF1 | $27.74 | Aug 1, 2016 | A | 211,516 | A | Aug 1, 2017 | Aug 1, 2026 | Common Stock | 211,516 | 211,516 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Aug 1, 2016 | A | 43,732 | A | Aug 1, 2017 | — | Common Stock | 43,732 | 43,732 | D |
Explanation of responses
- F1All Stock Options vest 20% on August 1, 2017, and the remaining 80% vest in equal quarterly installments over the remaining four years.
- F2All RSUs vest 20% on August 1, 2017, and the remaining 80% vest in equal quarterly installments over the remaining four years.
- F3Once vested, the shares of common stock are not subject to expiration.