SEC Form 4 · accession 0001209191-17-032842
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Efstathios A Kouninis
Officer — VP of Finance & CAO
Period of report
May 12, 2017
Accepted (ET)
May 16, 2017 · 5:53 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 12, 2017 | M | 648 | $0.00 | A | 2,413 | D | |
| Common StockF1 | May 12, 2017 | F | 303 | $52.65 | D | 2,110 | D | |
| Common Stock | May 12, 2017 | S | 345 | $52.65 | D | 1,765 | D | |
| Common Stock | May 12, 2017 | M | 3,823 | $0.00 | A | 5,588 | D | |
| Common StockF1 | May 12, 2017 | F | 2,477 | $52.65 | D | 3,111 | D | |
| Common Stock | May 12, 2017 | S | 1,346 | $52.69 | D | 1,765 | D | |
| Common Stock | May 12, 2017 | S | 1,765 | $56.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $11.05 | May 12, 2017 | M | 648 | D | Dec 12, 2013 | Dec 12, 2022 | Common Stock | 12,942 | 1,942 | D |
| Stock OptionsF3 | $25.20 | May 12, 2017 | M | 3,823 | D | Mar 9, 2017 | Mar 9, 2026 | Common Stock | 19,118 | 15,295 | D |
Explanation of responses
- F1Represents the exercise price of the Stock Options referenced in Table II and Mr. Kouninis' tax liability, which were paid by way of withholding by the Company of shares of equal value.
- F2Options vest 20% on December 12, 2013, and the remaining 80% vest in equal quarterly installments over the remaining four years.
- F3Options vest 20% on March 9, 2017, and the remaining 80% vest in equal quarterly installments over the remaining four years.