SEC Form 4 · accession 0001209191-18-049940
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
Sep 4, 2018
Accepted (ET)
Sep 6, 2018 · 6:10 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 | Sep 4, 2018 | M | 310 | $0.00 | A | 310 | D | |
| Common Stock | Sep 4, 2018 | F | 92 | $63.70 | D | 218 | D | |
| Common StockF2 | Sep 4, 2018 | M | 171 | $0.00 | A | 389 | D | |
| Common Stock | Sep 4, 2018 | F | 51 | $63.70 | D | 338 | D | |
| Common Stock | Sep 4, 2018 | M | 844 | $20.49 | A | 1,182 | D | |
| Common StockF3 | Sep 4, 2018 | F | 441 | $63.50 | D | 741 | D | |
| Common StockF4 | Sep 4, 2018 | S | 403 | $63.50 | D | 338 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F1,F6 | $0.00 | Sep 4, 2018 | M | 310 | D | Mar 2, 2016 | — | Common Stock | 310 | 1,858 | D |
| Restricted Stock UnitsF5,F2,F6 | $0.00 | Sep 4, 2018 | M | 171 | D | Mar 2, 2018 | — | Common Stock | 171 | 2,387 | D |
| Stock Options | $20.49 | Sep 4, 2018 | M | 844 | D | Mar 2, 2016 | Mar 2, 2025 | Common Stock | 844 | 5,061 | D |
Explanation of responses
- F1Represents 5% vesting on September 2, 2018, with a release date of September 4, 2018, the first business day following the vesting. The original grant was 6,192 restricted stock units, with 20% vesting on March 2, 2016, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F2Represents 5% vesting on September 2, 2018, with a release date of September 4, 2018, the first business day following the vesting. The original grant was 3,410 restricted stock units, with 20% vesting on March 2, 2018, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F3Represents 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.
- F4Does not include shares of common stock subject to unvested restricted stock units and options awards.
- F5Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
- F6Once vested, the shares of common stock are not subject to expiration.