SEC Form 4 · accession 0001209191-16-154461
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas I Kra
Officer — SVP, Global Customer Success
Period of report
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 5:17 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 | 502 | $0.00 | A | 36,723 | D | |
| Common Stock | Dec 7, 2016 | F | 163 | $35.00 | D | 36,560 | D | |
| Common StockF2 | Dec 7, 2016 | M | 280 | $0.00 | A | 36,840 | D | |
| Common Stock | Dec 7, 2016 | F | 91 | $35.00 | D | 36,749 | 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 | 502 | D | Mar 7, 2015 | — | Common Stock | 10,054 | 4,526 | D |
| Restricted Stock UnitsF3,F2,F4 | $0.00 | Dec 7, 2016 | M | 280 | D | Mar 7, 2013 | — | Common Stock | 5,596 | 280 | D |
Explanation of responses
- F1Represents 5% vesting on December 7, 2016. The original grant was 10054 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 5% vesting on December 7, 2016. The original grant was 5596 restricted stock units, with 20% vesting on March 7, 2013, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- 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.