SEC Form 4 · accession 0001209191-18-049942
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leon Trefler
Officer — SVP, Global Customer Success
Period of report
Sep 4, 2018
Accepted (ET)
Sep 6, 2018 · 6:13 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 | 620 | $0.00 | A | 9,889 | D | |
| Common Stock | Sep 4, 2018 | F | 183 | $63.70 | D | 9,706 | D | |
| Common StockF2 | Sep 4, 2018 | M | 370 | $0.00 | A | 10,076 | D | |
| Common Stock | Sep 4, 2018 | F | 109 | $63.70 | D | 9,967 | D | |
| Common StockF3,F4 | Sep 4, 2018 | S | 3,175 | $63.05 | D | 6,792 | 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 | 620 | D | Mar 2, 2016 | — | Common Stock | 620 | 3,716 | D |
| Restricted Stock UnitsF5,F2,F6 | $0.00 | Sep 4, 2018 | M | 370 | D | Mar 2, 2018 | — | Common Stock | 370 | 5,171 | 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 12,383 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 7,387 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 weighted average of the sale prices, ranging from $63.05 to $63.10. 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.
- 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.