SEC Form 4 · accession 0001209191-17-064234
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
Dec 4, 2017
Accepted (ET)
Dec 6, 2017 · 5:44 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 StockF1 | Dec 4, 2017 | M | 557 | $0.00 | A | 54,343 | D | |
| Common Stock | Dec 4, 2017 | F | 263 | $50.25 | D | 54,080 | D | |
| Common StockF2,F3 | Dec 6, 2017 | S | 4,000 | $49.06 | D | 50,080 | 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 UnitsF4,F5 | $0.00 | Dec 4, 2017 | M | 557 | D | Mar 2, 2016 | — | Common Stock | 11,145 | 5,016 | D |
Explanation of responses
- F1Represents 5% vesting on December 2, 2017, with a release date of December 4, 2017, the first business day following the vesting. The original grant was 11,145 restricted stock units, with 20% vesting on March 2, 2016, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- 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 December 6, 2017, ranging from $48.85 to $49.25.
- F4Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F5Once vested, the shares of common stock are not subject to expiration.