SEC Form 4 · accession 0001209191-19-016711
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
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 5:07 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 | Mar 1, 2019 | M | 1,687 | $20.49 | A | 7,717 | D | |
| Common StockF1 | Mar 1, 2019 | F | 861 | $66.00 | D | 6,856 | D | |
| Common StockF2,F3 | Mar 1, 2019 | S | 826 | $66.13 | D | 6,030 | D | |
| Common Stock | Mar 1, 2019 | M | 1,687 | $20.49 | A | 7,717 | D | |
| Common StockF1 | Mar 1, 2019 | F | 867 | $66.00 | D | 6,850 | D | |
| Common StockF2,F3,F4 | Mar 1, 2019 | S | 820 | $66.13 | D | 6,030 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF5 | $20.49 | Mar 1, 2019 | M | 1,687 | D | Mar 2, 2016 | Mar 2, 2025 | Common Stock | 1,687 | 32,052 | D |
| Stock OptionsF5 | $20.49 | Mar 1, 2019 | M | 1,687 | D | Mar 2, 2016 | Mar 2, 2025 | Common Stock | 1,687 | 30,365 | D |
Explanation of responses
- F1Represents the exercise price of the Stock Options referenced in Table II and Mr. Trefler's tax liability, which were paid by way of withholding by the Company of shares of equal value.
- F2Represents the weighted average of the sale prices, ranging from $66.04 to $66.38. 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.
- F3Sold pursuant to a pre-arranged stock trading plan under rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F4Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
- F5Options vested 20% on March 02, 2016, with the remaining 80% vesting in equal quarterly installments over the next four years.