Filing Details
- Accession Number:
- 0001013857-21-000070
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-03-09 16:33:39
- Reporting Period:
- 2021-03-05
- Accepted Time:
- 2021-03-09 16:33:39
- 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 | 2021-03-05 | 426 | $0.00 | 8,919 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-03-05 | 189 | $118.46 | 8,730 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2021-03-08 | 429 | $0.00 | 9,159 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-03-08 | 191 | $121.08 | 8,968 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2021-03-08 | 469 | $44.30 | 9,437 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-03-08 | 307 | $117.31 | 9,130 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2021-03-08 | 1,372 | $58.95 | 10,502 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-03-08 | 993 | $117.31 | 9,509 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2021-03-08 | 1,462 | $64.35 | 10,971 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-03-08 | 1,095 | $117.31 | 9,876 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2021-03-08 | 908 | $117.33 | 8,968 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | 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 | 2021-03-05 | 426 | $0.00 | 426 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2021-03-08 | 429 | $0.00 | 429 | $0.00 |
| Common Stock | Stock Options | Disposition | 2021-03-08 | 469 | $0.00 | 469 | $44.30 |
| Common Stock | Stock Options | Disposition | 2021-03-08 | 1,372 | $0.00 | 1,372 | $58.95 |
| Common Stock | Stock Options | Disposition | 2021-03-08 | 1,462 | $0.00 | 1,462 | $64.35 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,410 | 2019-03-05 | No | 4 | M | Direct | |
| 5,152 | 2020-03-06 | No | 4 | M | Direct | |
| 1,876 | 2018-03-02 | 2027-03-02 | No | 4 | M | Direct |
| 10,978 | 2019-03-05 | 2028-03-05 | No | 4 | M | Direct |
| 17,544 | 2020-03-06 | 2029-03-06 | No | 4 | F | Direct |
Footnotes
- Represents a 5% vesting on March 5, 2021. The original grant was 8,524 restricted stock units, with 20% vesting on March 5, 2019, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
- Represents a 5% vesting on March 6, 2021, with a release date on March 8, 2021, the first business day following the vesting. The original grant was 8,586 restricted stock units, with 20% vesting on March 6, 2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
- Represents the exercise price for the stock options referenced in Table II and Mr. Stillwell's tax liability, which were paid by way of the Company withholding shares of equal value.
- Represents the weighted average of sale prices, ranging from $117.30 to $117.46 . The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
- Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
- Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
- Once vested, the shares of common stock are not subject to expiration.
- Options vested 20% on March 2, 2018, with the remaining 80% vesting in equal quarterly amounts over the next four years.
- Options vested 20% on March 5, 2019, with the remaining 80% vesting in equal quarterly amounts over the next four years.
- Options vested 20% on March 6, 2020, with the remaining 80 vesting in equal quarterly installments over the next four years.
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