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Filing Details

Accession Number:: 0001209191-17-019680
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-03-09 17:34:03
Reporting Period:: 2017-03-07

Filing Date:: 2017-03-09
Accepted Time:: 2017-03-09 17:34:03
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1013857	Pegasystems Inc	PEGA	Services-Computer Processing & Data Preparation (7374)	042787865

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1222579	R Michael Pyle	C/O Pegasystems Inc. 1 Rogers Street Cambridge MA 02142	Senior Vp, Engineering	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2017-03-07	4,000	$0.00	31,726	No	4	M	Direct
Common Stock	Disposition	2017-03-07	1,665	$44.25	30,061	No	4	F	Direct
Common Stock	Disposition	2017-03-07	1,868	$44.87	28,193	No	4	S	Direct
Common Stock	Acquisiton	2017-03-07	440	$0.00	28,633	No	4	M	Direct
Common Stock	Disposition	2017-03-07	143	$43.50	28,490	No	4	F	Direct
Common Stock	Acquisiton	2017-03-07	280	$0.00	28,770	No	4	M	Direct
Common Stock	Disposition	2017-03-07	91	$43.50	28,679	No	4	F	Direct
Common Stock	Disposition	2017-03-08	8,000	$44.11	20,679	No	4	S	Direct
Common Stock	Acquisiton	2017-03-09	1,606	$0.00	22,285	No	4	M	Direct
Common Stock	Disposition	2017-03-09	522	$43.85	21,763	No	4	F	Direct
Common Stock	Acquisiton	2017-03-09	4,132	$0.00	25,895	No	4	M	Direct
Common Stock	Disposition	2017-03-09	1,341	$43.85	24,554	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options	Disposition	2017-03-07	4,000	$0.00	32,000	$6.00
Common Stock	Restricted Stock Options	Disposition	2017-03-07	440	$0.00	8,798	$0.00
Common Stock	Restricted Stock Units	Disposition	2017-03-07	280	$0.00	5,596	$0.00
Common Stock	Restricted Stock Units	Disposition	2017-03-09	1,606	$0.00	8,033	$0.00
Common Stock	Restricted Stock Units	Disposition	2017-03-09	4,132	$0.00	4,132	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
20,000	2008-12-13	2017-12-13	No	4	M	Direct
3,520	2015-03-07		No	4	M	Direct
0	2013-03-07		No	4	M	Direct
6,427	2017-03-09		No	4	M	Direct
0	2017-03-09		No	4	M	Direct

Footnotes

Represents the exercise price of the Stock Options referenced in Table II and Mr. Pyle's tax liability, which were paid by way of withholding by the Company of shares of equal value.
Sold pursuant to a pre-arranged stock trading plan under rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
Represents the weighted average of the sale prices on March 7, 2017, ranging from $44.55 to $45.25.
Represents 5% vesting on March 7, 2017. The original grant was 8,798 restricted stock units, with 20% vesting on March 7, 2015, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
Represents 5% vesting on March 7, 2017. The original grant was 5,596 restricted stock units, with 20% vesting on March 7, 2013, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
Represents the weighted average of the sale prices on March 8, 2017, ranging from $43.75 to $44.40.
Represents 20% vesting on March 9, 2017. The original grant was 8,033 restricted stock units, with 20% vesting on March 9, 2017, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
Represents 100% vesting on March 9, 2017. The original grant was 4,132 restricted stock units, which were granted on March 9, 2016. As part of the Company's 2016 Corporate Incentive Plan (CICP), Mr. Pyle elected to receive half of his annual bonus in RSUs.
Options vested 20% on December 13, 2008, with the remaining 80% vesting in equal quarterly installments over the next four years.
Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
Once vested, the shares of common stock are not subject to expiration.