SEC Form 4 · accession 0001209191-17-026144
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Pyle
Officer — Senior VP, Engineering
Period of report
Apr 4, 2017
Accepted (ET)
Apr 6, 2017 · 6:22 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 4, 2017 | M | 4,000 | $0.00 | A | 28,554 | D | |
| Common Stock | Apr 4, 2017 | F | 1,675 | $43.10 | D | 26,879 | D | |
| Common StockF1,F2 | Apr 4, 2017 | S | 1,860 | $43.16 | D | 25,019 | 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 4, 2017 | M | 4,000 | D | Dec 13, 2008 | Dec 13, 2017 | Common Stock | 32,000 | 16,000 | 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 4, 2017, ranging from $42.90 to $43.50.
- F3Options vest 20% on December 13, 2008, and the remaining 80% vest in equal quarterly installments over the remaining four years.