SEC Form 4 · accession 0001209191-18-036707
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 6, 2018
Accepted (ET)
Jun 8, 2018 · 4:40 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 6, 2018 | M | 843 | $20.49 | D | 1,472 | D | |
| Common StockF1 | Jun 6, 2018 | F | 436 | $65.00 | D | 1,036 | D | |
| Common StockF2 | Jun 6, 2018 | S | 722 | $65.11 | D | 314 | D | |
| Common StockF3 | Jun 7, 2018 | M | 74 | $0.00 | A | 388 | D | |
| Common StockF4 | Jun 7, 2018 | F | 22 | $65.40 | D | 366 | 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 | $20.49 | Jun 6, 2018 | M | 843 | D | Mar 2, 2016 | Mar 2, 2025 | Common Stock | 843 | 5,905 | D |
| Restricted Stock UnitsF6,F3,F7 | $0.00 | Jun 7, 2018 | M | 74 | D | Mar 7, 2015 | — | Common Stock | 74 | 228 | 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 $65.00 to $65.25. 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.
- F3Represents 5% vesting on June 7, 2018. The original grant was 1508 restricted stock units, with 20% vesting on March 7, 2015, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F4Does not include shares of common stock subject to unvested restricted stock units and options awards.
- F5Options vested 20% on March 2, 2016, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F6Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
- F7Once vested, the shares of common stock are not subject to expiration.