SEC Form 4 · accession 0001209191-18-035803
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Stillwell
Officer — CFO, SVP
Period of report
Jun 1, 2018
Accepted (ET)
Jun 5, 2018 · 5:15 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 | Jun 1, 2018 | M | 3,500 | $27.74 | A | 14,671 | D | |
| Common Stock | Jun 1, 2018 | F | 2,425 | $62.05 | D | 12,246 | D | |
| Common StockF1,F2,F3 | Jun 1, 2018 | S | 2,075 | $62.29 | D | 10,171 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF4 | $27.74 | Jun 1, 2018 | M | 3,500 | D | Aug 1, 2017 | Aug 1, 2026 | Common Stock | 3,500 | 139,986 | D |
Explanation of responses
- F1Sold pursuant to a pre-arranged stock trading plan under rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F2Represents the weighted average of the sale prices, ranging from $62.10 to $62.63. 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 vested 20% on August 1, 2017, with the remaining 80% vesting in equal quarterly installments over the next four years.