SEC Form 4 · accession 0001209191-17-019685
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leon Trefler
Officer — SVP, Global Customer Success
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 5:37 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 7, 2017 | M | 350 | $0.00 | A | 8,536 | D | |
| Common Stock | Mar 7, 2017 | F | 114 | $43.50 | D | 8,422 | D | |
| Common StockF2 | Mar 7, 2017 | M | 504 | $0.00 | A | 8,926 | D | |
| Common Stock | Mar 7, 2017 | F | 164 | $43.50 | D | 8,762 | D | |
| Common StockF3 | Mar 9, 2017 | M | 2,409 | $0.00 | A | 11,171 | D | |
| Common Stock | Mar 9, 2017 | F | 782 | $43.85 | D | 10,389 | 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 UnitsF4,F1,F5 | $0.00 | Mar 7, 2017 | M | 350 | D | Mar 7, 2013 | — | Common Stock | 6,994 | 0 | D |
| Restricted Stock OptionsF4,F2,F5 | $0.00 | Mar 7, 2017 | M | 504 | D | Mar 7, 2015 | — | Common Stock | 10,054 | 4,022 | D |
| Restricted Stock UnitsF4,F3,F5 | $0.00 | Mar 9, 2017 | M | 2,409 | D | Mar 9, 2017 | — | Common Stock | 12,049 | 9,640 | D |
Explanation of responses
- F1Represents 5% vesting on March 7, 2017. The original grant was 6,994 restricted stock units, with 20% vesting on March 7, 2013, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F2Represents 5% vesting on March 7, 2017. The original grant was 10,054 restricted stock units, with 20% vesting on March 7, 2015, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F3Represents 20% vesting on March 9, 2017. The original grant was 12,049 restricted stock units, with 20% vesting on March 9, 2017, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- 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.