SEC Form 4 · accession 0001209191-18-017428
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
Mar 2, 2018
Accepted (ET)
Mar 6, 2018 · 5:57 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 | Mar 2, 2018 | M | 619 | $0.00 | A | 7,241 | D | |
| Common Stock | Mar 2, 2018 | F | 190 | $55.90 | D | 7,051 | D | |
| Common StockF2 | Mar 2, 2018 | M | 1,865 | $0.00 | A | 8,916 | D | |
| Common Stock | Mar 2, 2018 | F | 542 | $55.90 | D | 8,374 | D | |
| Common StockF3 | Mar 2, 2018 | M | 1,477 | $0.00 | A | 9,851 | D | |
| Common StockF4 | Mar 2, 2018 | F | 435 | $55.90 | D | 9,416 | 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 UnitsF5,F1,F6 | $0.00 | Mar 2, 2018 | M | 619 | D | Mar 2, 2016 | — | Common Stock | 619 | 4,955 | D |
| Restricted Stock UnitsF5,F2,F6 | $0.00 | Mar 2, 2018 | M | 1,865 | D | Mar 2, 2018 | — | Common Stock | 1,865 | 0 | D |
| Restricted Stock UnitsF5,F3,F6 | $0.00 | Mar 2, 2018 | M | 1,477 | D | Mar 2, 2018 | — | Common Stock | 1,477 | 5,910 | D |
Explanation of responses
- F1Represents 5% vesting on March 2, 2018. The original grant was 12,383 restricted stock units, with 20% vesting on March 2, 2016, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F2Represents 100% vesting on March 2, 2018. The original grant was 1,865 restricted stock units, which were granted on March 2, 2017. As part of the Company's 2017 Corporate Incentive Plan (CICP), Mr. Trefler elected to receive his annual Bonus in RSUs.
- F3Represents 20% vesting on March 2, 2018. The original grant was 7,387 restricted stock units, with 20% vesting on March 2, 2018, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F4Does not include shares of common stock subject to unvested restricted stock units and options awards.
- F5Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- F6Once vested, the shares of common stock are not subject to expiration.