SEC Form 4 · accession 0001209191-17-038930
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
Jun 7, 2017
Accepted (ET)
Jun 9, 2017 · 5:14 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 StockF1 | Jun 7, 2017 | M | 502 | $0.00 | A | 11,218 | D | |
| Common Stock | Jun 7, 2017 | F | 237 | $60.60 | D | 10,981 | D | |
| Common Stock | Jun 9, 2017 | M | 14,938 | $0.00 | A | 25,919 | D | |
| Common StockF2 | Jun 9, 2017 | F | 8,998 | $64.35 | D | 16,921 | D | |
| Common StockF3 | Jun 9, 2017 | S | 5,940 | $64.34 | D | 10,981 | D | |
| Common StockF4 | Jun 9, 2017 | S | 3,120 | $64.22 | D | 7,861 | D | |
| Common StockF5 | Jun 9, 2017 | M | 603 | $0.00 | A | 8,464 | D | |
| Common Stock | Jun 9, 2017 | F | 284 | $63.65 | D | 8,180 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F1,F7 | $0.00 | Jun 7, 2017 | M | 502 | D | Mar 7, 2015 | — | Common Stock | 10,054 | 3,520 | D |
| Stock OptionsF8,F9 | $16.02 | Jun 9, 2017 | M | 14,938 | D | Mar 17, 2012 | Mar 17, 2021 | Common Stock | 14,938 | 0 | D |
| Restricted Stock UnitsF6,F5,F7 | $0.00 | Jun 9, 2017 | M | 603 | D | Mar 9, 2017 | — | Common Stock | 12,049 | 9,037 | D |
Explanation of responses
- F1Represents 5% vesting on June 7, 2017. The original grant was 10054 restricted stock units, with 20% vesting on March 7, 2015, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F2Represents 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.
- F3Represents the weighted average of the sale prices on June 9, 2017, ranging from $64.30 to $64.35.
- F4Represents the weighted average of the sale prices on June 9, 2017, ranging from $64.20 to $64.25.
- F5Represents 5% vesting on June 9, 2017. The original grant was 12049 restricted stock units, with 20% vesting on March 9, 2017, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F6Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F7Once vested, the shares of common stock are not subject to expiration.
- F8Options vested 20% on March 17, 2012, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F9The grant of restricted stock units was previously reported as 7469, but has been adjusted to reflect a 2-for-1 stock split that occurred on April 1, 2014.