Filing Details

Accession Number:
0001209191-17-047479
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-08-03 17:49:13
Reporting Period:
2017-08-01
Filing Date:
2017-08-03
Accepted Time:
2017-08-03 17:49:13
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
1680115 Kenneth Stillwell C/O Pegasystems Inc
One Rogers Street
Cambridge MA 02142
Cfo, Svp No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2017-08-01 8,746 $0.00 8,746 No 4 M Direct
Common Stock Disposition 2017-08-01 2,839 $60.45 5,907 No 4 F Direct
Common Stock Disposition 2017-08-01 3,000 $60.51 2,907 No 4 S Direct
Common Stock Acquisiton 2017-08-01 3,500 $0.00 6,407 No 4 M Direct
Common Stock Disposition 2017-08-01 2,217 $60.70 4,190 No 4 F Direct
Common Stock Disposition 2017-08-01 1,283 $60.40 2,907 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 S Direct
No 4 M Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2017-08-01 8,746 $0.00 43,732 $0.00
Common Stock Stock Options Disposition 2017-08-01 3,500 $0.00 211,516 $27.74
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
34,986 2017-08-01 No 4 M Direct
208,016 2017-08-01 2026-08-01 No 4 M Direct
Footnotes
  1. Represents 20% vesting on August 1, 2017. The original grant was 43,732 restricted stock units, with 20% vesting on August 1, 2017, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
  2. Sold pursuant to a pre-arranged stock trading plan under rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
  3. Represents the weighted average of the sale prices on August 1, 2017, ranging from $59.80 and $61.10.
  4. Represents the exercise price of the Stock Options referenced in Table II and Mr. Stillwell's tax liability, which were paid by way of withholding by the Company of shares of equal value.
  5. Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
  6. Once vested, the shares of common stock are not subject to expiration.
  7. Options vest 20% on August 1, 2017, and the remaining 80% vest in equal quarterly installments over the remaining four years.