SEC Form 4 · accession 0001209191-17-065061
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
Dec 7, 2017
Accepted (ET)
Dec 11, 2017 · 5:34 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 7, 2017 | M | 504 | $0.00 | A | 6,541 | D | |
| Common Stock | Dec 7, 2017 | F | 238 | $49.15 | D | 6,303 | D | |
| Common StockF2 | Dec 11, 2017 | M | 603 | $0.00 | A | 6,906 | D | |
| Common Stock | Dec 11, 2017 | F | 284 | $49.65 | D | 6,622 | 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 | Dec 7, 2017 | M | 504 | D | Mar 7, 2015 | — | Common Stock | 10,054 | 2,514 | D |
| Restricted Stock UnitsF3,F2,F4 | $0.00 | Dec 11, 2017 | M | 603 | D | Mar 9, 2017 | — | Common Stock | 12,049 | 7,832 | D |
Explanation of responses
- F1Represents 5% vesting on December 7, 2017. The original grant was 10,054 restricted stock units, with 20% vesting on March 7, 2015, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F2Represents 5% vesting on December 9, 2017, with a release date of December 11, 2017, the first business day following the vesting. The original grant was 12,049 restricted stock units, with 20% vesting on March 9, 2017, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- 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.