SEC Form 4 · accession 0001209191-17-029750
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
May 1, 2017
Accepted (ET)
May 3, 2017 · 6:00 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 | May 1, 2017 | M | 1,524 | $0.00 | A | 23,730 | D | |
| Common Stock | May 1, 2017 | F | 630 | $45.90 | D | 23,100 | D | |
| Common StockF1,F2 | May 1, 2017 | S | 894 | $45.39 | D | 22,206 | D | |
| Common Stock | May 1, 2017 | M | 978 | $0.00 | A | 23,184 | D | |
| Common Stock | May 1, 2017 | F | 403 | $45.90 | D | 22,781 | D | |
| Common StockF1,F2 | May 1, 2017 | S | 575 | $45.39 | 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 | May 1, 2017 | M | 1,524 | D | Dec 13, 2008 | Dec 13, 2017 | Common Stock | 32,000 | 10,664 | D |
| Stock OptionsF4 | $5.94 | May 1, 2017 | M | 978 | D | Dec 11, 2009 | Dec 11, 2018 | Common Stock | 11,740 | 6,846 | 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 May 1, 2017, ranging from $45.25 to $45.60.
- 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.