SEC Form 4 · accession 0001209191-19-017471
PEGASYSTEMS INC · PEGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas I Kra
Officer — SVP, Global Customer Success
Period of report
Mar 4, 2019
Accepted (ET)
Mar 6, 2019 · 5:46 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 | 558 | $0.00 | A | 31,034 | D | |
| Common Stock | Mar 4, 2019 | F | 177 | $66.32 | D | 30,857 | D | |
| Common StockF2 | Mar 4, 2019 | M | 369 | $0.00 | A | 31,226 | D | |
| Common Stock | Mar 4, 2019 | F | 106 | $66.32 | D | 31,120 | D | |
| Common StockF3 | Mar 5, 2019 | M | 1,449 | $0.00 | A | 32,569 | D | |
| Common StockF4 | Mar 5, 2019 | F | 424 | $64.84 | D | 32,145 | 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 UnitsF5,F6 | $0.00 | Mar 4, 2019 | M | 558 | D | Mar 2, 2016 | — | Common Stock | 558 | 2,229 | D |
| Restricted Stock UnitsF5,F6 | $0.00 | Mar 4, 2019 | M | 369 | D | Mar 2, 2018 | — | Common Stock | 369 | 4,433 | D |
| Restricted Stock UnitsF5,F6 | $0.00 | Mar 5, 2019 | M | 1,449 | D | Mar 5, 2019 | — | Common Stock | 1,449 | 5,797 | 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 11,145 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 7387 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 7246 restricted stock units, and the remaining 80% will vest in equal quarterly installments over the remaining 4 years.
- F4Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
- F5Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
- F6Once vested, the shares of common stock are not subject to expiration.