SEC Form 4 · accession 0001209191-19-002309
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald W Hovsepian
Director
Period of report
Jan 2, 2019
Accepted (ET)
Jan 4, 2019 · 7:03 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,F2 | Jan 2, 2019 | M | 628 | $0.00 | A | 628 | 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,F4,F5 | $0.00 | Jan 2, 2019 | M | 1,282 | A | Jan 2, 2019 | — | Common Stock | 1,282 | 1,282 | D |
| Restricted Stock UnitsF3,F1,F5 | $0.00 | Jan 2, 2019 | M | 628 | D | Jan 2, 2019 | — | Common Stock | 628 | 654 | D |
Explanation of responses
- F1Represents initial vesting on January 2, 2019, the first business day following the effective date of Mr. Hovsepian's appointment to the Board of Directors as of January 1, 2019. The original grant was 1,282 Restricted Stock Units (RSUs). The remaining 654 shares will vest on March 28, 2019. The exact cash value of the shares was pro-rated to reflect the number of days of expected service from the date of his appointment, to the next Annual Meeting of Stockholders.
- 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.
- F4Represents shares of unrestricted common stock received as consideration for Mr. Hovsepian's services as a Director for the upcoming prorated portion of the current year.
- F5Once vested, the shares of common stock are not subject to expiration.