SEC Form 4 · accession 0001209191-17-020320
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James P Ohalloran
Director
Period of report
Mar 10, 2017
Accepted (ET)
Mar 13, 2017 · 6:56 pm EDT
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 Stock | Mar 10, 2017 | M | 0 | $0.00 | A | 8,808 | I | Spouse |
| Common StockF1 | Mar 10, 2017 | M | 1,150 | $43.45 | A | 117,331 | 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 10, 2017 | M | 1,150 | D | Jun 10, 2016 | — | Common Stock | 4,603 | 0 | D |
Explanation of responses
- F1Represents 25% vesting on March 10, 2017. Original grant was 4,603 restricted stock units, with 25% vesting immediately on June 10, 2016, and the remaining 75% vesting in equal quarterly installments over the remaining three quarters thereafter.
- 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.