SEC Form 4 · accession 0001209191-17-045021
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Pyle
Officer — Senior VP, Engineering
Period of report
Jul 11, 2017
Accepted (ET)
Jul 13, 2017 · 3:21 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 | Jul 11, 2017 | M | 4,000 | $0.00 | A | 30,594 | D | |
| Common StockF1 | Jul 11, 2017 | F | 2,098 | $59.00 | D | 28,496 | D | |
| Common StockF2,F3 | Jul 11, 2017 | S | 1,522 | $59.48 | D | 26,974 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF4 | $0.00 | Jul 11, 2017 | M | 4,000 | D | Dec 13, 2008 | Dec 13, 2017 | Common Stock | 32,000 | 4,000 | D |
Explanation of responses
- F1Represents the exercise price of the Stock Options referenced in Table II and Mr. Pyle's tax liability, which were paid by way of withholding by the Company of shares of equal value.
- F2Sold pursuant to a pre-arranged stock trading plan under rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F3Represents the weighted average of the sale prices on July 11, 2017, ranging from $59.25 to $59.90.
- F4Options vested 20% on December 13, 2008, with the remaining 80% vesting in equal quarterly installments over the next four years.