SEC Form 4 · accession 0001209191-19-018863

PEGASYSTEMS INC · PEGA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP of Finance & CAO

Period of report

Mar 11, 2019

Accepted (ET)

Mar 12, 2019 · 5:02 pm EDT

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
Common Stock^F1	Mar 11, 2019	M	327	$0.00	A	2,397	D
Common Stock	Mar 11, 2019	F	97	$64.01	D	2,300	D
Common Stock	Mar 11, 2019	M	196	$20.05	A	2,496	D
Common Stock^F2	Mar 11, 2019	F	101	$64.75	D	2,395	D
Common Stock	Mar 11, 2019	S	95	$64.75	D	2,300	D
Common Stock	Mar 11, 2019	M	844	$20.49	A	3,144	D
Common Stock^F2	Mar 11, 2019	F	437	$64.75	D	2,707	D
Common Stock	Mar 11, 2019	S	407	$64.75	D	2,300	D
Common Stock^F3	Mar 12, 2019	M	93	$0.00	A	2,393	D
Common Stock	Mar 12, 2019	F	28	$64.92	D	2,365	D
Common Stock	Mar 12, 2019	M	956	$25.20	A	3,321	D
Common Stock^F2	Mar 12, 2019	F	543	$65.25	D	2,778	D
Common Stock	Mar 12, 2019	S	413	$65.25	D	2,365	D
Common Stock	Mar 12, 2019	M	314	$27.24	A	2,679	D
Common Stock^F2	Mar 12, 2019	F	185	$65.25	D	2,494	D
Common Stock^F4	Mar 12, 2019	S	129	$65.25	D	2,365	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F5,F6	$0.00	Mar 11, 2019	M	327	D	Mar 9, 2017	—	Common Stock	327	2,611	D
Stock Options^F7	$20.05	Mar 11, 2019	M	196	D	Mar 7, 2015	Mar 7, 2024	Common Stock	196	174	D
Stock Options^F8	$20.49	Mar 11, 2019	M	844	D	Mar 2, 2016	Mar 2, 2025	Common Stock	844	3,374	D
Restricted Stock Units^F5,F6	$0.00	Mar 12, 2019	M	93	D	Sep 12, 2017	—	Common Stock	93	928	D
Stock Options^F8	$25.20	Mar 12, 2019	M	956	D	Mar 9, 2017	Mar 9, 2026	Common Stock	956	9,082	D
Stock Options^F8	$27.24	Mar 12, 2019	M	314	D	Sep 12, 2017	Sep 12, 2026	Common Stock	314	3,137	D

F1Represents 5% vesting on March 9, 2019, with a release date of March 11, 2019, the first business day following the vesting. The original grant was 6,527 restricted stock units, with 20% vesting on March 9, 2017, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2Represents 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.
F3Represents 5% vesting on March 12, 2019. The original grant was 1,856 restricted stock units, with 20% vesting on September 12, 2017, and the remaining 80% vesting in equal quarterly installments over the remaining four 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.
F7Options vested 20% on March 7, 2015, with the remaining 80% vesting in equal quarterly installments over the next four years.
F8Options vested 20% on March 2, 2016, with the remaining 80% vesting in equal quarterly installments over the next four years.