SEC Form 4 · accession 0001209191-18-050331
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 7, 2018
Accepted (ET)
Sep 10, 2018 · 5:48 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 7, 2018 | M | 504 | $0.00 | A | 7,296 | D | |
| Common StockF2 | Sep 7, 2018 | F | 149 | $63.25 | D | 7,147 | 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 UnitsF3,F1,F4 | $0.00 | Sep 7, 2018 | M | 504 | D | Mar 7, 2015 | — | Common Stock | 504 | 1,006 | D |
Explanation of responses
- F1Represents 5% vesting on September 7, 2018. The original grant was 10054 restricted stock units, with 20% vesting on March 7, 2015, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- 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.
- F4Once vested, the shares of common stock are not subject to expiration.