SEC Form 4 · accession 0001209191-18-061357
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
Dec 3, 2018
Accepted (ET)
Dec 6, 2018 · 5:44 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 | Dec 3, 2018 | M | 619 | $0.00 | A | 8,190 | D | |
| Common Stock | Dec 3, 2018 | F | 183 | $53.99 | D | 8,007 | D | |
| Common StockF2 | Dec 3, 2018 | M | 369 | $0.00 | A | 8,376 | D | |
| Common StockF3 | Dec 3, 2018 | F | 109 | $53.99 | D | 8,267 | 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,F1,F5 | $0.00 | Dec 3, 2018 | M | 619 | D | Mar 2, 2016 | — | Common Stock | 619 | 3,097 | D |
| Restricted Stock UnitsF4,F2,F5 | $0.00 | Dec 3, 2018 | M | 369 | D | Mar 2, 2018 | — | Common Stock | 369 | 4,802 | D |
Explanation of responses
- F1Represents 5% vesting on December 2, 2018, with a release date of December 3, 2018, the first business day following the vesting. The original grant was 12383 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 December 2, 2018, with a release date of December 3, 2018, the first business day following the vesting. The original grant was 7387 restricted stock units, with 20% vesting on March 2, 2018, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- 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.