SEC Form 4 · accession 0001209191-17-008740
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
Feb 7, 2017
Accepted (ET)
Feb 8, 2017 · 5:08 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 | Feb 7, 2017 | M | 4,000 | $0.00 | A | 30,891 | D | |
| Common StockF2 | Feb 7, 2017 | F | 1,706 | $38.65 | D | 29,185 | D | |
| Common StockF3,F4 | Feb 7, 2017 | S | 1,835 | $38.34 | D | 27,350 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF5 | $6.00 | Feb 7, 2017 | M | 4,000 | D | Dec 13, 2008 | Dec 13, 2017 | Common Stock | 32,000 | 24,000 | D |
Explanation of responses
- F1The number of Mr. Pyle's shares has been recalculated. The number of shares had been previously reported incorrectly due to administrative error.
- F2Represents the exercise price of the Stock Options referenced in Table II and Mr. Pyle's tax liability, which were paid by way of withholding by the Company of shares of equal value.
- F3Sold pursuant to a pre-arranged stock trading plan under rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F4Represents the weighted average of the sale prices on February 7, 2017, ranging from $38.30 and $38.40.
- F5Options vested 20% on December 13, 2008, with the remaining 80% vesting in equal quarterly installments over the next four years.