SEC Form 4 · accession 0001209191-17-052669
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Efstathios A Kouninis
Officer — VP of Finance & CAO
Period of report
Sep 11, 2017
Accepted (ET)
Sep 13, 2017 · 5:22 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 | Sep 11, 2017 | M | 327 | $0.00 | A | 585 | D | |
| Common Stock | Sep 11, 2017 | F | 107 | $55.65 | D | 478 | D | |
| Common Stock | Sep 11, 2017 | M | 844 | $0.00 | A | 1,322 | D | |
| Common StockF2 | Sep 11, 2017 | F | 481 | $56.45 | D | 841 | D | |
| Common Stock | Sep 11, 2017 | S | 363 | $56.50 | D | 478 | D | |
| Common Stock | Sep 11, 2017 | M | 196 | $0.00 | A | 674 | D | |
| Common StockF2 | Sep 11, 2017 | F | 111 | $56.55 | D | 563 | D | |
| Common Stock | Sep 11, 2017 | S | 85 | $56.57 | D | 478 | 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 UnitsF3,F1,F4 | $0.00 | Sep 11, 2017 | M | 327 | D | Mar 9, 2017 | — | Common Stock | 6,527 | 4,569 | D |
| Stock OptionsF5 | $20.49 | Sep 11, 2017 | M | 844 | D | Mar 2, 2016 | Mar 2, 2025 | Common Stock | 16,870 | 8,435 | D |
| Stock OptionsF6 | $20.05 | Sep 11, 2017 | M | 196 | D | Mar 7, 2015 | Mar 7, 2024 | Common Stock | 3,904 | 1,366 | D |
Explanation of responses
- F1Represents 5% vesting on September 9, 2017, with a release date of September 11, 2017, the first business day following the vesting. The original grant was 6527 restricted stock units, with 20% vesting on March 9, 2017, 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. Kouninis' tax liability, which were paid by way of withholding by the Company of shares of equal value.
- F3Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F4Once vested, the shares of common stock are not subject to expiration.
- F5Options vested 20% on March 2, 2016, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F6Options vested 20% on March 7, 2015, with the remaining 80% vesting in equal quarterly installments over the next four years.