Filing Details

Accession Number:
0001209191-18-016660
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-03-05 17:19:29
Reporting Period:
2018-03-01
Accepted Time:
2018-03-05 17:19:29
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 2018-03-01 3,500 $27.74 3,500 No 4 M Direct
Common Stock Disposition 2018-03-01 2,206 $58.30 1,294 No 4 F Direct
Common Stock Disposition 2018-03-01 1,294 $55.68 0 No 4 S Direct
Common Stock Acquisiton 2018-03-02 3,317 $0.00 3,317 No 4 M Direct
Common Stock Disposition 2018-03-02 977 $55.90 2,340 No 4 F Direct
Common Stock Acquisiton 2018-03-02 568 $0.00 2,908 No 4 M Direct
Common Stock Disposition 2018-03-02 168 $55.90 2,740 No 4 F Direct
Common Stock Disposition 2018-03-02 2,340 $56.90 400 No 4 S Direct
Common Stock Acquisiton 2018-03-02 22,954 $27.74 23,354 No 4 M Direct
Common Stock Disposition 2018-03-02 14,678 $56.85 8,676 No 4 F 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 M Direct
No 4 F Direct
No 4 S Direct
No 4 M Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Options Disposition 2018-03-01 3,500 $0.00 3,500 $27.74
Common Stock Restricted Stock Units Disposition 2018-03-02 3,317 $0.00 3,317 $0.00
Common Stock Restricted Stock Units Disposition 2018-03-02 568 $0.00 568 $0.00
Common Stock Stock Options Disposition 2018-03-02 22,954 $0.00 22,954 $27.74
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
184,016 2017-08-01 2026-08-01 No 4 M Direct
0 2018-03-02 No 4 M Direct
2,273 2018-03-02 No 4 M Direct
161,062 2017-08-01 2026-08-01 No 4 M Direct
Footnotes
  1. 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.
  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 March 1, 2018, ranging from $55.35 and 56.00.
  4. Represents 100% vesting on March 2, 2018. The original grant was 3,317 restricted stock units, which were granted on March 2, 2017. As part of the Company's 2017 Corporate Incentive Plan (CICP), Mr. Stillwell elected to receive his annual Bonus in RSUs.
  5. Represents 20% vesting on March 2, 2018. The original grant was 2,841 restricted stock units, with 20% vesting on March 2, 2018, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
  6. Does not include shares of common stock subject to unvested restricted stock units and options awards.
  7. Options vest 20% on August 1, 2017, and the remaining 80% vest in equal quarterly installments over the remaining four years.
  8. Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
  9. Once vested, the shares of common stock are not subject to expiration.