SEC Form 4 · accession 0001209191-16-142034
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dianne Ledingham
Director
Period of report
Sep 9, 2016
Accepted (ET)
Sep 19, 2016 · 5:18 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 | Sep 9, 2016 | M | 1,097 | $26.23 | A | 1,097 | 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 | Sep 9, 2016 | M | 3,291 | A | Sep 9, 2016 | — | Common Stock | 3,291 | 3,291 | D |
| Restricted Stock UnitsF2,F1,F4 | $0.00 | Sep 9, 2016 | M | 1,097 | D | Sep 9, 2016 | — | Common Stock | 3,291 | 2,194 | D |
Explanation of responses
- F1Represents one-third vesting on September 9, 2019. Original grant was 3,291 restricted stock units (RSUs). The remaining two-thirds vesting in equal installments over the next two quarters.
- F2Each RSU represents the right to receive, following vesting, one share of Pegasystems lnc.'s common stock.
- F3Represents shares of restricted stock received as consideration for Ms. Ledingham's services as a Director based on the fair market value of a share of Pegasystems' common stock on the September 9, 2016 grant date, and pro-rated to reflect the period of service from the date of her appointment to the next Annual Meeting of Stockholders.
- F4Once vested, the shares of common stock are not subject to expiration.