SEC Form 4 · accession 0001209191-19-017469
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 4, 2019
Accepted (ET)
Mar 6, 2019 · 5:43 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 | Mar 4, 2019 | M | 619 | $0.00 | A | 6,649 | D | |
| Common Stock | Mar 4, 2019 | F | 183 | $66.32 | D | 6,466 | D | |
| Common StockF2 | Mar 4, 2019 | M | 369 | $0.00 | A | 6,835 | D | |
| Common Stock | Mar 4, 2019 | F | 109 | $66.32 | D | 6,726 | D | |
| Common StockF3 | Mar 5, 2019 | M | 1,449 | $0.00 | A | 8,175 | D | |
| Common Stock | Mar 5, 2019 | F | 427 | $64.84 | D | 7,748 | D | |
| Common StockF4 | Mar 5, 2019 | M | 1,751 | $0.00 | A | 9,499 | D | |
| Common StockF5 | Mar 5, 2019 | F | 516 | $64.84 | D | 8,983 | 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 | Mar 4, 2019 | M | 619 | D | Mar 2, 2016 | — | Common Stock | 619 | 2,478 | D |
| Restricted Stock UnitsF6,F2,F7 | $0.00 | Mar 4, 2019 | M | 369 | D | Mar 2, 2018 | — | Common Stock | 369 | 4,433 | D |
| Restricted Stock UnitsF6,F3,F7 | $0.00 | Mar 5, 2019 | M | 1,449 | D | Mar 5, 2019 | — | Common Stock | 1,449 | 5,797 | D |
| Restricted Stock UnitsF6,F4,F7 | $0.00 | Mar 5, 2019 | M | 1,751 | D | Mar 5, 2019 | — | Common Stock | 1,751 | 0 | D |
Explanation of responses
- F1Represents 5% vesting on March 2, 2019, with a release date of March 4, 2019, the first business day following the vesting. The original grant was 12,383 restricted stock units, with 20% vesting on March 2, 2016, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F2Represents 5% vesting on March 2, 2019, with a release date of March 4, 2019, the first business day following the vesting. The original grant was 7,387 restricted stock units, with 20% vesting on March 2, 2018, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F3Represents 20% vesting on March 5, 2019. The original grant was 7,246 restricted stock units, with the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
- F4Represents 100% vesting on March 5, 2019. The original grant was 2,641 restricted stock units, which were granted on March 5, 2018. As part of the Company's 2018 Corporate Incentive Plan (CICP), Mr. Trefler elected to receive his half of his annual bonus in RSUs.
- 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.