SEC Form 4 · accession 0001209191-19-014078
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Efstathios A Kouninis
Officer — VP of Finance & CAO
Period of report
Feb 25, 2019
Accepted (ET)
Feb 27, 2019 · 4:35 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 Stock | Feb 25, 2019 | M | 843 | $20.49 | A | 1,527 | D | |
| Common StockF1 | Feb 25, 2019 | F | 466 | $65.50 | D | 1,061 | D | |
| Common Stock | Feb 25, 2019 | S | 377 | $65.50 | D | 684 | D | |
| Common Stock | Feb 25, 2019 | M | 196 | $20.05 | A | 880 | D | |
| Common StockF1 | Feb 25, 2019 | F | 108 | $65.50 | D | 772 | D | |
| Common StockF2 | Feb 25, 2019 | S | 88 | $65.50 | D | 684 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3 | $20.49 | Feb 25, 2019 | M | 843 | D | Mar 2, 2016 | Mar 2, 2025 | Common Stock | 843 | 4,218 | D |
| Stock OptionsF4 | $20.05 | Feb 25, 2019 | M | 196 | D | Mar 7, 2015 | Mar 7, 2024 | Common Stock | 196 | 370 | D |
Explanation of responses
- F1Represents the exercise price of the Stock Options referenced in Table II and Mr. Kouninis's tax liability, which were paid by way of withholding by the Company of shares of equal value.
- F2Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
- F3Options vested 20% on March 2, 2016, with the remaining 80% vesting in equal quarterly installments over the next four years.
- F4Options vested 20% on March 7, 2015, with the remaining 80% vesting in equal quarterly installments over the next four years.