SEC Form 4 · accession 0001209191-17-018396
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
Mar 2, 2017
Accepted (ET)
Mar 6, 2017 · 5:09 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 | Mar 2, 2017 | M | 558 | $0.00 | A | 20,367 | D | |
| Common Stock | Mar 2, 2017 | F | 182 | $45.20 | D | 20,185 | 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 UnitsF2,F1,F3 | $0.00 | Mar 2, 2017 | M | 558 | D | Mar 2, 2016 | — | Common Stock | 11,145 | 6,687 | D |
| Stock OptionsF4 | $44.30 | Mar 2, 2017 | A | 24,382 | A | Mar 2, 2018 | Mar 2, 2027 | Common Stock | 24,382 | 24,382 | D |
| Restricted Stock UnitsF2,F5,F3 | $0.00 | Mar 2, 2017 | A | 7,387 | A | Mar 2, 2018 | — | Common Stock | 7,387 | 7,387 | D |
Explanation of responses
- F1Represents 5% vesting on March 2, 2017. The original grant was 11,145 restricted stock units, with 20% vesting on March 2, 2016, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F2Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F3Once vested, the shares of common stock are not subject to expiration.
- F4Options vest 20% on March 2, 2018, and the remaining 80% vest in equal quarterly installments over the remaining four years.
- F5RSUs vest 20% on March 2, 2,018, and the remaining 80% vest in equal quarterly installments over the remaining four years.