Filing Details
- Accession Number:
- 0001209191-18-017801
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-03-07 18:15:24
- Reporting Period:
- 2018-03-05
- Accepted Time:
- 2018-03-07 18:15:24
- 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 |
|---|---|---|---|---|---|---|---|
| 1353196 | A Efstathios Kouninis | C/O Pegasystems Inc. 1 Rogers Street Cambridge MA 02142 | Vp Of Finance & Cao | 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 | 2018-03-05 | 1,687 | $20.49 | 3,742 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-03-05 | 912 | $58.80 | 2,830 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2018-03-05 | 775 | $58.85 | 2,055 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2018-03-05 | 196 | $20.05 | 2,251 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-03-05 | 105 | $58.75 | 2,146 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2018-03-05 | 91 | $58.75 | 2,055 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2018-03-05 | 1,296 | $11.05 | 3,351 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-03-05 | 554 | $58.90 | 2,797 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2018-03-05 | 742 | $58.93 | 2,055 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2018-03-06 | 2,250 | $44.30 | 4,305 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-03-06 | 1,833 | $60.10 | 2,472 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2018-03-06 | 417 | $60.12 | 2,055 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-03-06 | 500 | $60.53 | 1,555 | 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 | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | 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 | Acquisiton | 2018-03-05 | 2,558 | $0.00 | 2,558 | $0.00 |
| Common Stock | Stock Options | Acquisiton | 2018-03-05 | 8,233 | $0.00 | 8,233 | $58.95 |
| Common Stock | Restricted Stock Units | Acquisiton | 2018-03-05 | 890 | $0.00 | 890 | $0.00 |
| Common Stock | Stock Options | Disposition | 2018-03-05 | 1,687 | $0.00 | 1,687 | $20.49 |
| Common Stock | Stock Options | Disposition | 2018-03-05 | 196 | $0.00 | 196 | $20.05 |
| Common Stock | Stock Options | Disposition | 2018-03-05 | 1,296 | $0.00 | 1,296 | $11.05 |
| Common Stock | Stock Options | Disposition | 2018-03-06 | 2,250 | $0.00 | 2,250 | $44.30 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 2,558 | 2019-03-05 | No | 4 | A | Direct | |
| 8,233 | 2019-03-05 | 2028-03-05 | No | 4 | A | Direct |
| 890 | 2019-03-05 | No | 4 | A | Direct | |
| 6,748 | 2016-03-02 | 2025-03-02 | No | 4 | M | Direct |
| 1,170 | 2015-03-07 | 2024-03-07 | No | 4 | M | Direct |
| 0 | 2013-12-12 | 2022-12-12 | No | 4 | M | Direct |
| 9,003 | 2018-03-02 | 2027-03-02 | No | 4 | M | Direct |
Footnotes
- Represents the exercise price of the Stock Options referenced in Table II and Mr. Kouninis' tax liability, which were paid by way of withholding by Pegasystems Inc. (the "Company") of shares of equal value.
- Represents the weighted average of the sale prices on March 5, 2018, ranging from $58.83 to $58.85.
- Represents the weighted average of the sale prices on March 6, 2018, ranging from $60.12 to $60.13.
- Does not include shares of common stock subject to unvested restricted stock units and options awards.
- Each restricted stock unit represents the right to receive, following vesting, one share of the Company's common stock.
- RSUs will vest 20% on March 5, 2019, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
- Once vested, the shares of common stock are not subject to expiration.
- Stock options will vest 20% on March 5, 2019, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
- Represents election by the individual, as part of the Company's Corporate Incentive Plan (CICP), to receive half of their annual bonus in RSUs, based upon the Company's stock price as of March 5, 2018. All RSUs vest 100% on March 5, 2019, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2018.
- Options vested 20% on March 2, 2016, with the remaining 80% vesting in equal quarterly installments over the next four years.
- Options vested 20% on March 7, 2015, with the remaining 80% vesting in equal quarterly installments over the next four years.
- Options vested 20% on December 12, 2013, with the remaining 80% vesting in equal quarterly installments over the next four years.
- Options vest 20% on March 2, 2018, and the remaining 80% vest in equal quarterly installments over the remaining four years.
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