SEC Form 4 · accession 0001209191-17-025613
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
Apr 3, 2017
Accepted (ET)
Apr 5, 2017 · 4:13 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 | Apr 3, 2017 | M | 1,524 | $0.00 | A | 23,730 | D | |
| Common Stock | Apr 3, 2017 | F | 636 | $43.85 | D | 23,094 | D | |
| Common StockF1,F2 | Apr 3, 2017 | S | 888 | $43.23 | D | 22,206 | D | |
| Common Stock | Apr 3, 2017 | M | 978 | $0.00 | A | 23,184 | D | |
| Common Stock | Apr 3, 2017 | F | 407 | $43.85 | D | 22,777 | D | |
| Common StockF1,F2 | Apr 3, 2017 | S | 571 | $43.23 | D | 22,206 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3 | $6.00 | Apr 3, 2017 | M | 1,524 | D | Dec 13, 2008 | Dec 13, 2017 | Common Stock | 32,000 | 12,188 | D |
| Stock OptionsF4 | $5.94 | Apr 3, 2017 | M | 978 | D | Dec 11, 2009 | Dec 11, 2018 | Common Stock | 11,740 | 7,824 | D |
Explanation of responses
- F1Sold pursuant to a pre-arranged stock trading plan under rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F2Represents the weighted average of the sale prices on April 3, 2017, ranging from $42.90 to $43.75.
- F3Options vested 20% on December 13, 2008, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F4Options vested 20% on December 11, 2009, with the remaining 80% vesting in equal quarterly installments over the next four years.