SEC Form 4 · accession 0001209191-17-020583
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard H Jones
Director
Period of report
Mar 10, 2017
Accepted (ET)
Mar 14, 2017 · 5:14 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 StockF1 | Mar 10, 2017 | M | 0 | $0.00 | A | 64,748 | I | Jones Family Foundation |
| Common StockF2 | Mar 10, 2017 | M | 1,150 | $0.00 | A | 616,761 | 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 UnitsF3,F2,F4 | $0.00 | Mar 10, 2017 | M | 1,150 | D | Jun 10, 2016 | — | Common Stock | 4,603 | 0 | D |
Explanation of responses
- F1Shares owned by the Jones Family Foundation, of which Mr. Jones has no pecuniary interest. The total shares held by the Jones Family Foundation has been recalculated and adjusted to reflect the correct number held.
- F2Represents 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.
- F3Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F4Once vested, the shares of common stock are not subject to expiration.