SEC Form 4 · accession 0001209191-18-049953
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Stillwell
Officer — CFO, SVP
Period of report
Sep 4, 2018
Accepted (ET)
Sep 6, 2018 · 6:31 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 | 142 | $0.00 | A | 12,743 | D | |
| Common Stock | Sep 4, 2018 | F | 64 | $63.70 | D | 12,679 | D | |
| Common StockF2,F3 | Sep 4, 2018 | S | 1,500 | $63.35 | D | 11,179 | 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 UnitsF4,F5 | $0.00 | Sep 6, 2018 | M | 142 | D | Mar 2, 2018 | — | Common Stock | 142 | 1,989 | 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 2,841 restricted stock units, with 20% vesting on March 2, 2018, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F2Sold pursuant to a pre-arranged stock trading plan under rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F3Does not include shares of common stock subject to unvested restricted stock units and options awards.
- F4Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
- F5Once vested, the shares of common stock are not subject to expiration.