SEC Form 4 · accession 0001209191-18-062321
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 10, 2018
Accepted (ET)
Dec 12, 2018 · 6:39 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 10, 2018 | M | 602 | $0.00 | A | 9,223 | D | |
| Common StockF2 | Dec 10, 2018 | F | 178 | $49.83 | D | 9,045 | 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 | Dec 10, 2018 | M | 602 | D | Mar 9, 2017 | — | Common Stock | 602 | 5,422 | D |
Explanation of responses
- F1Represents 5% vesting on December 9, 2018, with a release date of December 10, 2018, the first business day following the vesting. The original grant was 12049 restricted stock units, with 20% vesting on March 9, 2017, 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/or 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.