SEC Form 4 · accession 0001209191-17-018401

PEGASYSTEMS INC · PEGA

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

Reporting owner

Officer — VP of Finance & CAO

Period of report

Mar 2, 2017

Accepted (ET)

Mar 6, 2017 · 5:16 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	Mar 2, 2017	M	309	$0.00	A	349	D
Common Stock	Mar 2, 2017	F	117	$45.20	D	232	D
Common Stock	Mar 2, 2017	S	232	$44.50	D	0	D
Common Stock	Mar 2, 2017	M	844	$0.00	A	844	D
Common Stock^F2	Mar 2, 2017	F	560	$44.65	D	284	D
Common Stock^F3	Mar 2, 2017	S	284	$44.62	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F4,F1,F5	$0.00	Mar 2, 2017	M	309	D	Mar 2, 2016	—	Common Stock	6,192	3,716	D
Stock Options	$20.49	Mar 2, 2017	M	844	D	Mar 2, 2016	Mar 2, 2025	Common Stock	16,870	10,122	D
Restricted Stock Units^F4,F6,F5	$0.00	Mar 2, 2017	A	3,410	A	Mar 2, 2018	—	Common Stock	3,410	3,410	D
Stock Options^F7	$44.30	Mar 2, 2017	A	11,253	A	Mar 2, 2018	Mar 2, 2027	Common Stock	11,253	11,253	D
Restricted Stock Units^F4,F8,F5	$0.00	Mar 2, 2017	A	1,140	A	Mar 2, 2018	—	Common Stock	1,140	1,140	D

F1Represents 5% vesting on March 2, 2017. The original grant was 6,192 restricted stock units, with 20% vesting on March 2, 2016, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
F2Represents the exercise price of the Stock Options referenced in Table II and Mr. Kouninis' tax liability, which were paid by way of withholding by the Company of shares of equal value.
F3Represents the weighted average of the sale prices on March 2, 2017, ranging from $44.60 to $44.65.
F4Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
F5Once vested, the shares of common stock are not subject to expiration.
F6RSUs vest 20% on March 2, 2018, and the remaining 80% vest in equal quarterly installments over the remaining four years.
F7Options vest 20% on March 2, 2018, and the remaining 80% vest in equal quarterly installments over the remaining four years.
F8Represents election by the individual, as part of the Company's Corporate Incentive Plan (CICP), to receive half of their annual bonus in RSUs, based upon the Company's stock price as of March 2, 2017. All RSUs vest 100% on March 2, 2018, subject to attainment of the CICP performance threshold for the year ending December 31, 2017.