SEC Form 4 · accession 0001209191-18-007628

PEGASYSTEMS INC · PEGA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CFO, SVP

Period of report

Feb 1, 2018

Accepted (ET)

Feb 5, 2018 · 5:55 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
Common Stock^F1	Feb 1, 2018	M	2,186	$0.00	A	3,372	D
Common Stock	Feb 1, 2018	F	694	$50.85	D	2,678	D
Common Stock	Feb 1, 2018	M	3,500	$0.00	A	6,178	D
Common Stock^F2	Feb 1, 2018	F	2,382	$50.60	D	3,796	D
Common Stock^F3,F4	Feb 1, 2018	S	1,118	$51.52	D	2,678	D
Common Stock^F3,F4,F5	Feb 1, 2018	S	2,678	$51.52	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F6,F1,F7	$0.00	Feb 1, 2018	M	2,186	D	Aug 1, 2017	—	Common Stock	43,732	28,426	D
Stock Options^F7	$27.74	Feb 1, 2018	M	3,500	D	Aug 1, 2017	Aug 1, 2026	Common Stock	211,516	187,516	D

F1Represents 5% vesting on February 1, 2018. The original grant was 43,732 restricted stock units, with 20% vesting on August 1, 2018, 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. Stilwell's tax liability, which were paid by way of withholding by the Company of shares of equal value
F3Sold pursuant to a pre-arranged stock trading plan under rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F4Represents the weighted average of the sale prices on February 1, 2018, ranging from $50.65 to $51.80.
F5Does not include shares of common stock subject to unvested restricted stock units and option awards.
F6Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
F7Once vested, the shares of common stock are not subject to expiration.