SEC Form 4 · accession 0001209191-16-154460
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Efstathios A Kouninis
Officer — VP of Finance & CAO
Period of report
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 5:16 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 StockF1 | Dec 7, 2016 | M | 74 | $0.00 | A | 283 | D | |
| Common Stock | Dec 7, 2016 | F | 25 | $35.00 | D | 258 | D | |
| Common Stock | Dec 7, 2016 | M | 843 | $0.00 | A | 1,101 | D | |
| Common StockF2 | Dec 7, 2016 | F | 600 | $35.85 | D | 501 | D | |
| Common Stock | Dec 7, 2016 | S | 243 | $35.90 | D | 258 | D | |
| Common Stock | Dec 7, 2016 | M | 194 | $0.00 | A | 452 | D | |
| Common StockF2 | Dec 7, 2016 | F | 137 | $35.85 | D | 315 | D | |
| Common Stock | Dec 7, 2016 | S | 57 | $35.90 | D | 258 | D | |
| Common Stock | Dec 7, 2016 | S | 258 | $35.85 | D | 0 | 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 UnitsF3,F1,F4 | $0.00 | Dec 7, 2016 | M | 74 | D | Mar 7, 2015 | — | Common Stock | 1,508 | 680 | D |
| Stock OptionsF5 | $20.49 | Dec 7, 2016 | M | 843 | D | Mar 2, 2016 | Mar 2, 2025 | Common Stock | 16,870 | 10,966 | D |
| Stock OptionsF6 | $20.05 | Dec 7, 2016 | M | 194 | D | Mar 7, 2015 | Mar 7, 2024 | Common Stock | 3,904 | 1,758 | D |
Explanation of responses
- F1Represents 5% vesting on December 7, 2016. The original grant was 1508 restricted stock units, with 20% vesting on March 7, 2015, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F2Represents the exercise price of the Stock Options referenced in Table II and Mr. Kouninis' tax liability, which were paid by way of withholding by the Company of shares of equal value.
- F3Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F4Once vested, the shares of common stock are not subject to expiration.
- F5Options vested 20% on March 2, 2016, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F6Options vested 20% on March 7, 2015, with the remaining 80% vesting in equal quarterly installments over the next four years.