SEC Form 4 · accession 0001209191-18-057272
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Stillwell
Officer — CFO, SVP
Period of report
Nov 1, 2018
Accepted (ET)
Nov 5, 2018 · 6:15 pm EST
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 | Nov 1, 2018 | M | 2,187 | $0.00 | A | 11,866 | D | |
| Common Stock | Nov 1, 2018 | F | 973 | $53.52 | D | 10,893 | D | |
| Common StockF2,F3 | Nov 1, 2018 | S | 1,500 | $53.40 | D | 9,393 | 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 | Nov 1, 2018 | M | 2,187 | D | Aug 1, 2017 | — | Common Stock | 2,187 | 24,053 | D |
Explanation of responses
- F1Represents 5% vesting on November 1, 2018. The original grant was 43,732 restricted stock units, with 20% vesting on August 1, 2017, 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/or 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.