SEC Form 4 · accession 0001209191-18-035822
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
Jun 4, 2018
Accepted (ET)
Jun 5, 2018 · 5:20 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 4, 2018 | M | 314 | $27.24 | A | 607 | D | |
| Common StockF1 | Jun 4, 2018 | F | 189 | $63.15 | D | 418 | D | |
| Common StockF2 | Jun 4, 2018 | S | 125 | $63.18 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3 | $27.24 | Jun 4, 2018 | M | 314 | D | Sep 12, 2017 | Sep 12, 2026 | Common Stock | 314 | 4,392 | D |
Explanation of responses
- F1Represents the exercise price of the Stock Options referenced in Table II and Mr. Kouninis' tax liability, which were paid by way of withholding by the Company of shares of equal value.
- F2Does not include shares of common stock subject to unvested restricted stock units and options awards.
- F3Options vest 20% on September 12, 2017, and the remaining 80% vest in equal quarterly installments over the remaining four years.