SEC Form 4 · accession 0001209191-17-061514
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
Nov 15, 2017
Accepted (ET)
Nov 17, 2017 · 4:39 pm EST
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 | Nov 15, 2017 | M | 9,400 | $0.00 | A | 37,493 | D | |
| Common StockF1 | Nov 15, 2017 | F | 4,999 | $51.35 | D | 32,494 | D | |
| Common Stock | Nov 15, 2017 | M | 51,224 | $0.00 | A | 83,718 | D | |
| Common StockF1 | Nov 15, 2017 | F | 29,932 | $51.40 | D | 53,786 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2,F3 | $5.94 | Nov 15, 2017 | M | 9,400 | D | Dec 11, 2009 | Dec 11, 2018 | Common Stock | 9,400 | 0 | D |
| Stock OptionsF4,F5 | $11.05 | Nov 15, 2017 | M | 51,224 | D | Dec 12, 2013 | Dec 12, 2022 | Common Stock | 53,920 | 2,696 | 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.
- F2Options vested 20% on December 11, 2009, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F3The grant of restricted stock units was previously reported as 4,700, but has been adjusted to reflect a 2-for-1 stock split that occurred on April 1, 2014.
- F4Options vested 20% on December 12, 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 26,960, but has been adjusted to reflect a 2-for-1 stock split that occurred on April 1, 2014.