SEC Form 4 · accession 0001209191-17-041727
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven F Kaplan
Director
Period of report
Jun 21, 2017
Accepted (ET)
Jun 23, 2017 · 5:24 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 21, 2017 | M | 523 | $59.86 | A | 61,795 | 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 UnitsF2,F3,F4 | $0.00 | Jun 21, 2017 | M | 2,089 | A | Jun 21, 2017 | — | Common Stock | 2,089 | 2,089 | D |
| Restricted Stock UnitsF2,F1,F4 | $0.00 | Jun 21, 2017 | M | 523 | D | Jun 21, 2017 | — | Common Stock | 2,089 | 1,566 | D |
Explanation of responses
- F1Represents 25% vesting on June 21, 2017. Original grant was 2,089 restricted stock units, with 25% vesting immediately on June 21, 2017, and the remaining 75% vesting in equal quarterly installments over the remaining three quarters thereafter.
- F2Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F3Represents a grant of 2,089 restricted stock units on June 21, 2017, in consideration for Mr. Kaplan's service as a member of the Company's Board of Directors. These restricted stock units will vest in equal quarterly amounts over the next three quarters, with the first 25% vesting immediately.
- F4Once vested, the shares of common stock are not subject to expiration.