SEC Form 4 · accession 0001209191-17-015961

PEGASYSTEMS INC · PEGA

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

Reporting owner

Officer — SVP, Global Customer Success

Period of report

Feb 27, 2017

Accepted (ET)

Mar 1, 2017 · 5:04 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^F1	Feb 27, 2017	S	12,540	$42.92	D	24,209	D
Common Stock	Feb 27, 2017	S	4,400	$42.65	D	19,809	D
Common Stock	Mar 1, 2017	M	1,524	$0.00	A	21,333	D
Common Stock^F2	Mar 1, 2017	F	638	$43.25	D	20,695	D
Common Stock^F3,F4	Mar 1, 2017	S	886	$44.16	D	19,809	D
Common Stock	Mar 1, 2017	M	978	$0.00	A	20,787	D
Common Stock^F2	Mar 1, 2017	F	409	$43.25	D	20,378	D
Common Stock^F3,F4	Mar 1, 2017	S	569	$44.16	D	19,809	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options^F5	$6.00	Mar 1, 2017	M	1,524	D	Dec 13, 2008	Dec 13, 2017	Common Stock	32,000	13,712	D
Stock Options^F6	$5.94	Mar 1, 2017	M	978	D	Dec 11, 2009	Dec 11, 2018	Common Stock	11,740	8,802	D

F1Represents the weighted average of the sale prices on February 27, 2017, ranging from $42.90 to $43.00.
F2Represents 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.
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 March 1, 2017, ranging from $43.85 and 44.75.
F5Options vested 20% on December 13, 2008, with the remaining 80% vesting in equal quarterly installments over the next four years.
F6Options vested 20% on December 11, 2009, with the remaining 80% vesting in equal quarterly installments over the next four years.