SEC Form 4 · accession 0001209191-16-149108
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leon Trefler
Officer — SVP, Global Customer Success
Period of report
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 5:24 pm EST
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 | Nov 7, 2016 | M | 7,800 | $0.00 | A | 14,587 | D | |
| Common StockF1 | Nov 7, 2016 | F | 3,487 | $33.10 | D | 11,100 | D | |
| Common Stock | Nov 7, 2016 | S | 4,313 | $33.13 | D | 6,787 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2,F3 | $6.00 | Nov 7, 2016 | M | 7,800 | D | Dec 13, 2008 | Dec 13, 2017 | Common Stock | 10,400 | 0 | D |
Explanation of responses
- F1Represents the exercise price of the Stock Options referenced in Table II and Mr. Trefler's tax liability, which were paid by way of withholding by the Company of shares of equal value.
- F2Options vested 20% on December 13, 2008, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F3The stock option grant was previously reported as 5,200 options, but has been adjusted to reflect the 2-1 stock split that occurred on April 1, 2014.