SEC Form 4 · accession 0001209191-16-140122

PEGASYSTEMS INC · PEGA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — SVP, Global Customer Success

Period of report

Sep 1, 2016

Accepted (ET)

Sep 6, 2016 · 4:59 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
Common Stock	Sep 1, 2016	M	1,524	$0.00	A	36,465	D
Common Stock^F1	Sep 1, 2016	F	734	$25.80	D	35,731	D
Common Stock^F2,F3	Sep 1, 2016	S	790	$25.75	D	34,941	D
Common Stock^F4	Sep 2, 2016	M	557	$0.00	A	35,498	D
Common Stock	Sep 2, 2016	F	181	$25.85	D	35,317	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options^F5	$6.00	Sep 1, 2016	M	1,524	D	Dec 13, 2008	Dec 13, 2017	Common Stock	32,000	22,856	D
Restricted Stock Units^F6,F4,F7	$0.00	Sep 2, 2016	M	557	D	Mar 2, 2016	—	Common Stock	11,145	7,802	D

F1Represents the exercise price of the Stock Options referenced in Table II and Mr. Kra's tax liability, which were paid by way of withholding by the Company of shares of equal value.
F2Sold pursuant to a pre-arranged stock trading plan under rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F3Represents the weighted average of the sale prices on September 1, 2016, ranging from $25.64 to $25.80.
F4Represents 5% vesting on September 2, 2016. The original grant was 11145 restricted stock units, with 20% vesting on March 2, 2016, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
F5Options vested 20% on December 13, 2008, with the remaining 80% vesting in equal quarterly installments over the next four years.
F6Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
F7Once vested, the shares of common stock are not subject to expiration.