SEC Form 4 · accession 0001209191-17-041114
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
Jun 16, 2017
Accepted (ET)
Jun 20, 2017 · 5:13 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 | Jun 16, 2017 | M | 32,000 | $0.00 | A | 55,293 | D | |
| Common StockF1 | Jun 16, 2017 | F | 18,213 | $59.30 | D | 37,080 | D | |
| Common StockF2 | Jun 16, 2017 | S | 13,787 | $59.11 | D | 23,293 | 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,F4 | $11.05 | Jun 16, 2017 | M | 32,000 | D | Dec 12, 2013 | Dec 12, 2022 | Common Stock | 64,704 | 32,704 | D |
Explanation of responses
- F1Represents the exercise price of the Stock Options referenced in Table II and Mr. Kra'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 June 16, 2017, ranging from $58.95 to $59.35.
- F3Options vested 20% on December 12, 2013, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F4The grant of restricted stock units was previously reported as 32,352, but has been adjusted to reflect a 2-for-1 stock split that occurred on April 1, 2014.