SEC Form 4 · accession 0001209191-16-153385

PEGASYSTEMS INC · PEGA

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

Reporting owner

Officer — SVP, Global Customer Success

Period of report

Dec 1, 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
Common Stock	Dec 1, 2016	M	1,524	$0.00	A	37,369	D
Common Stock^F1	Dec 1, 2016	F	666	$36.10	D	36,703	D
Common Stock^F2,F3	Dec 1, 2016	S	858	$35.93	D	35,845	D
Common Stock^F4	Dec 2, 2016	M	557	$0.00	A	36,402	D
Common Stock	Dec 2, 2016	F	181	$34.85	D	36,221	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options	$6.00	Dec 1, 2016	M	1,524	D	Dec 13, 2008	Dec 13, 2017	Common Stock	32,000	18,284	D
Restricted Stock Options^F5,F4,F6	$0.00	Dec 2, 2016	M	557	D	Mar 2, 2016	—	Common Stock	11,145	7,245	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 December 1, 2016, ranging from $35.90 to $36.00.
F4Represents 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.
F5Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
F6Once vested, the shares of common stock are not subject to expiration.