SEC Form 4 · accession 0001209191-18-040052
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James P Ohalloran
Director
Period of report
Jun 28, 2018
Accepted (ET)
Jun 29, 2018 · 4:53 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 StockF1,F2 | Jun 28, 2018 | M | 571 | $54.76 | A | 118,840 | D | |
| Common Stock | holding | — | — | — | 8,808 | I | Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4,F5 | $0.00 | Jun 28, 2018 | M | 2,283 | A | Jun 28, 2018 | — | Common Stock | 2,283 | 2,283 | D |
| Restricted Stock UnitsF3,F1,F5 | $0.00 | Jun 28, 2018 | M | 571 | D | Jun 28, 2018 | — | Common Stock | 571 | 1,712 | D |
Explanation of responses
- F1Represents 25% vesting on June 28, 2018. Original grant was 2,283 restricted stock units, with 25% vesting immediately on June 28, 2018, and the remaining 75% vesting in equal quarterly installments over the remaining three quarters thereafter.
- F2Does not include shares of common stock subject to unvested restricted stock units and options awards.
- F3Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
- F4Represents a grant of 2,283 restricted stock units on June 28, 2018, in consideration for Mr. O'Halloran's service as a member of the Company's Board of Directors. These restricted stock units will vest in equal quarterly amounts over the next four quarters, with the first 25% vesting immediately.
- F5Once vested, the shares of common stock are not subject to expiration.