SEC Form 4 · accession 0001209191-17-002114

PEGASYSTEMS INC · PEGA

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

Reporting owner

Officer — SVP, Global Customer Success

Period of report

Jan 3, 2017

Accepted (ET)

Jan 5, 2017 · 4:33 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	Jan 3, 2017	M	1,524	$0.00	A	38,273	D
Common Stock^F1	Jan 3, 2017	F	732	$36.35	D	37,541	D
Common Stock^F2,F3	Jan 3, 2017	S	792	$36.04	D	36,749	D
Common Stock	Jan 3, 2017	M	982	$0.00	A	37,731	D
Common Stock^F1	Jan 3, 2017	F	471	$36.35	D	37,260	D
Common Stock^F2,F3	Jan 3, 2017	S	511	$36.04	D	36,749	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options^F4	$6.00	Jan 3, 2017	M	1,524	D	Dec 13, 2008	Dec 13, 2017	Common Stock	32,000	16,760	D
Stock Options^F5	$5.94	Jan 3, 2017	M	982	D	Dec 11, 2009	Dec 11, 2018	Common Stock	11,740	10,758	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 January 3, 2017, ranging from $35.80 to $36.40.
F4Options vested 20% on December 13, 2008, with the remaining 80% vesting in equal quarterly installments over the next four years.
F5Options vested 20% on December 11, 2009, with the remaining 80% vesting in equal quarterly installments over the next four years.