SEC Form 4 · accession 0001209191-18-017811
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Stillwell
Officer — CFO, SVP
Period of report
Mar 5, 2018
Accepted (ET)
Mar 7, 2018 · 6:20 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 | 8,524 | A | Mar 5, 2019 | — | Common Stock | 8,524 | 8,524 | D |
| Stock OptionsF4 | $58.95 | Mar 5, 2018 | A | 27,443 | A | Mar 5, 2019 | Mar 5, 2028 | Common Stock | 27,443 | 27,443 | D |
| Restricted Stock UnitsF1,F5,F3 | $0.00 | Mar 5, 2018 | A | 2,641 | A | Mar 5, 2019 | — | Common Stock | 2,641 | 2,641 | 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.
- F5Represents election by the individual, as part of the Company's Corporate Incentive Plan (CICP), to receive half of their annual bonus in RSUs, based upon the Company's stock price as of March 5, 2018. All RSUs vest 100% on March 5, 2019, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2018.