SEC Form 4 · accession 0001209191-18-030538
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Stillwell
Officer — CFO, SVP
Period of report
May 14, 2018
Accepted (ET)
May 16, 2018 · 4:46 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 | May 14, 2018 | M | 10,576 | $27.74 | A | 18,466 | D | |
| Common StockF1 | May 14, 2018 | F | 7,295 | $62.85 | D | 11,171 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $27.74 | May 14, 2018 | M | 10,576 | D | Aug 1, 2017 | Aug 1, 2026 | Common Stock | 10,576 | 143,486 | 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 Company of shares of equal value.
- F2Options vest 20% on August 1, 2017, and the remaining 80% vest in equal quarterly installments over the remaining four years.