SEC Form 4 · accession 0001209191-17-034691
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leon Trefler
Officer — SVP, Global Customer Success
Period of report
May 19, 2017
Accepted (ET)
May 23, 2017 · 5:16 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 19, 2017 | M | 11,672 | $0.00 | A | 22,061 | D | |
| Common StockF1 | May 19, 2017 | F | 7,112 | $56.45 | D | 14,949 | D | |
| Common StockF2 | May 19, 2017 | S | 4,560 | $56.41 | D | 10,389 | 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 | $18.02 | May 19, 2017 | M | 11,672 | D | Mar 1, 2011 | Mar 1, 2020 | Common Stock | 18,672 | 0 | D |
Explanation of responses
- F1Represents the exercise price of the Stock Options referenced in Table II and Mr. Trefler's tax liability, which were paid by way of withholding by the Company of shares of equal value.
- F2Represents the weighted average of the sale prices on May 19, 2017, ranging from $56.40 and $56.50.
- F3Options vested 20% on March 1, 2011, with the remaining 80% vesting in equal quarterly installments over the next four years.