SEC Form 4 · accession 0001209191-17-037868

PEGASYSTEMS INC · PEGA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP of Finance & CAO

Period of report

Jun 2, 2017

Accepted (ET)

Jun 5, 2017 · 5:32 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
Common Stock	Jun 2, 2017	M	843	$0.00	A	843	D
Common Stock^F1	Jun 2, 2017	F	471	$59.12	D	372	D
Common Stock	Jun 2, 2017	S	372	$59.15	D	0	D
Common Stock^F2	Jun 2, 2017	M	310	$0.00	A	310	D
Common Stock	Jun 2, 2017	F	101	$0.00	D	209	D
Common Stock	Jun 2, 2017	S	209	$59.85	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options^F3	$20.49	Jun 2, 2017	M	843	D	Mar 2, 2016	Mar 2, 2025	Common Stock	16,870	9,279	D
Restricted Stock Units^F4,F2,F5	$0.00	Jun 2, 2017	M	310	D	Mar 2, 2016	—	Common Stock	6,192	3,406	D

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.
F2Represents 5% vesting on June 2, 2017. The original grant was 6,192 restricted stock units, with 20% vesting on March 2, 2016, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
F3Options vested 20% on March 2, 2016, with the remaining 80% vesting in equal quarterly installments over the next four years.
F4Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
F5Once vested, the shares of common stock are not subject to expiration.