SEC Form 4 · accession 0001209191-18-023772
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Stillwell
Officer — CFO, SVP
Period of report
Apr 2, 2018
Accepted (ET)
Apr 4, 2018 · 5:07 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 Stock | Apr 2, 2018 | M | 3,500 | $27.74 | A | 12,176 | D | |
| Common StockF1 | Apr 2, 2018 | F | 2,452 | $60.20 | D | 9,724 | D | |
| Common StockF2,F3,F4 | Apr 2, 2018 | S | 2,048 | $60.21 | D | 7,676 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF5 | $27.74 | Apr 2, 2018 | M | 3,500 | D | Aug 1, 2017 | Aug 1, 2026 | Common Stock | 3,500 | 157,562 | D |
Explanation of responses
- F1Represents the exercise price of the Stock Options referenced in Table II and Mr. Stillwell's tax liability, which were paid by way of withholding by the issuer of shares of equal value.
- F2Sold pursuant to a pre-arranged stock trading plan under rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F3Represents the weighted average of the sale prices, ranging from $59.90 to $60.55. The individual has provided the issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price.
- F4Does not include shares of common stock subject to unvested restricted stock units and options awards.
- F5Options vest 20% on August 1, 2017, and the remaining 80% vest in equal quarterly installments over the remaining four years.