SEC Form 4 · accession 0001209191-18-031813
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
May 17, 2018
Accepted (ET)
May 21, 2018 · 4:15 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 17, 2018 | M | 12,704 | $11.05 | A | 39,887 | D | |
| Common StockF1 | May 17, 2018 | F | 6,915 | $61.50 | D | 32,972 | D | |
| Common Stock | May 17, 2018 | M | 10,000 | $11.05 | A | 42,972 | D | |
| Common StockF1 | May 17, 2018 | F | 5,444 | $61.45 | D | 37,528 | D | |
| Common Stock | May 17, 2018 | M | 10,000 | $11.05 | A | 47,528 | D | |
| Common StockF1 | May 17, 2018 | F | 5,448 | $61.25 | D | 42,080 | D | |
| Common StockF2,F3 | May 17, 2018 | S | 14,897 | $61.39 | D | 27,183 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF4 | $11.05 | May 17, 2018 | M | 32,704 | D | Dec 12, 2013 | Dec 12, 2022 | Common Stock | 32,704 | 0 | D |
Explanation of responses
- F1Represents the exercise price of the Stock Options referenced in Table II and Mr. Kra's tax liability, which were paid by way of withholding by the Company of shares of equal value.
- F2Represents the weighted average of the sale prices, ranging from $61.15 to $61.55. The individual has provided the Company, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
- F3Does not include shares of common stock subject to unvested restricted stock units and options awards.
- F4Options vest 20% on December 12, 2013, and the remaining 80% vest in equal quarterly installments over the remaining four years.