SEC Form 4 · accession 0001209191-16-153384
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Pyle
Officer — Senior VP, Engineering
Period of report
Dec 2, 2016
Accepted (ET)
Dec 5, 2016 · 4:51 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] | Dec 2, 2016 | M | 557 | $0.00 | A | 36,174 | D | |
| Common Stock | Dec 2, 2016 | F | 181 | $34.85 | D | 35,993 | 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 UnitsF1,F2,F3 | $0.00 | Dec 2, 2016 | M | 557 | D | Mar 2, 2016 | — | Common Stock | 11,145 | 7,245 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F2Represents 5% vesting on December 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.
- F3Once vested, the shares of common stock are not subject to expiration.