SEC Form 4 · accession 0001209191-17-049978
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
Aug 21, 2017
Accepted (ET)
Aug 23, 2017 · 5:05 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 | Aug 21, 2017 | M | 8,500 | $0.00 | A | 16,680 | D | |
| Common StockF1 | Aug 21, 2017 | F | 5,487 | $54.55 | D | 11,193 | D | |
| Common StockF2 | Aug 21, 2017 | S | 3,013 | $54.54 | D | 8,180 | D | |
| Common StockF3 | Aug 21, 2017 | S | 3,380 | $54.75 | D | 4,800 | 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,F5 | $18.03 | Aug 21, 2017 | M | 8,500 | D | Mar 7, 2013 | Mar 7, 2022 | Common Stock | 17,124 | 8,624 | D |
Explanation of responses
- F1Represents 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.
- F2Represents the weighted average of the sale prices on August 21, 2017, ranging from $54.50 to $54.55.
- F3Represents the weighted average of the sale prices on August 21, 2017, ranging from $54.70 to $54.75.
- F4Options vested 20% on March 7, 2013, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F5The grant of restricted stock units was previously reported as 8,562, but has been adjusted to reflect a 2-for-1 stock split that occurred on April 1, 2014.