SEC Form 4 · accession 0001209191-18-061371
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Stillwell
Officer — CFO, SVP
Period of report
Dec 3, 2018
Accepted (ET)
Dec 6, 2018 · 5:54 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 | 142 | $0.00 | A | 12,259 | D | |
| Common Stock | Dec 3, 2018 | F | 64 | $53.99 | D | 12,195 | D | |
| Common StockF2,F3 | Dec 3, 2018 | S | 1,300 | $54.05 | D | 10,895 | D | |
| Common StockF2,F4,F5 | Dec 3, 2018 | S | 200 | $54.96 | D | 10,695 | 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 UnitsF6,F1,F7 | $0.00 | Dec 3, 2018 | M | 142 | D | Mar 2, 2018 | — | Common Stock | 142 | 1,847 | 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 2841 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.
- F3Represents the weighted average of the sale prices, ranging from $53.77 to $54.49. The individual has provided the Company, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
- F4Represents the weighted average of the sale prices, ranging from $54.87 to $55.04. The individual has provided the Company, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
- F5Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
- F6Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
- F7Once vested, the shares of common stock are not subject to expiration.