SEC Form 4 · accession 0001209191-18-017808
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas I Kra
Officer — SVP, Global Customer Success
Period of report
Mar 5, 2018
Accepted (ET)
Mar 7, 2018 · 6:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001013857
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | $0.00 | Mar 5, 2018 | A | 7,246 | A | Mar 5, 2019 | — | Common Stock | 7,246 | 7,346 | D |
| Stock OptionsF4 | $58.95 | Mar 5, 2018 | A | 23,327 | A | Mar 5, 2019 | Mar 5, 2028 | Common Stock | 23,327 | 23,327 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s (the "Company") common stock.
- F2RSUs will vest 20% on March 5, 2019, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
- F3Once vested, the shares of common stock are not subject to expiration.
- F4Stock options will vest 20% on March 5, 2019, with the remaining 80% vesting in equal quarterly installments over the remaining four years.