SEC Form 4 · accession 0001209191-18-019325
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Efstathios A Kouninis
Officer — VP of Finance & CAO
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 5:40 pm EDT
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 9, 2018 | M | 326 | $0.00 | A | 326 | D | |
| Common Stock | Mar 9, 2018 | F | 97 | $62.70 | D | 229 | D | |
| Common StockF2 | Mar 12, 2018 | M | 92 | $0.00 | A | 321 | D | |
| Common StockF3 | Mar 12, 2018 | F | 28 | $62.85 | D | 293 | 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 UnitsF4,F1,F3 | $0.00 | Mar 9, 2018 | M | 326 | D | Mar 9, 2017 | — | Common Stock | 326 | 3,917 | D |
| Restricted Stock UnitsF4,F2,F3 | $0.00 | Mar 12, 2018 | M | 92 | D | Sep 12, 2017 | — | Common Stock | 92 | 1,300 | D |
Explanation of responses
- F1Represents 5% vesting on March 9, 2018. The original grant was 6,527 restricted stock units, with 20% vesting on March 9, 2017, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F2Represents 5% vesting on March 12, 2018. The original grant was 1,856 restricted stock units, with 20% vesting on September 12, 2017, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F3Once vested, the shares of common stock are not subject to expiration.
- F4Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.