SEC Form 4 · accession 0001209191-18-050513

PEGASYSTEMS INC · PEGA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP of Finance & CAO

Period of report

Sep 10, 2018

Accepted (ET)

Sep 11, 2018 · 5:04 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
Common Stock	Sep 10, 2018	S	53	$64.00	D	0	D
Common Stock^F1	Sep 10, 2018	M	326	$0.00	A	326	D
Common Stock	Sep 10, 2018	F	97	$63.65	D	229	D
Common Stock	Sep 10, 2018	M	478	$25.20	A	707	D
Common Stock^F2	Sep 10, 2018	F	273	$64.40	D	434	D
Common Stock^F3	Sep 10, 2018	S	205	$64.40	D	229	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F4,F1,F5	$0.00	Sep 10, 2018	M	326	D	Mar 9, 2017	—	Common Stock	326	3,264	D
Stock Options	$25.20	Sep 10, 2018	M	478	D	Mar 9, 2017	Mar 9, 2026	Common Stock	478	10,993	D

F1Represents 5% vesting on September 9, 2018, with a release date of September 10, 2018. The original grant was 6527 restricted stock units, with 20% vesting on March 9, 2017, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
F2Represents 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.
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.