Filing Details

Accession Number:
0001013857-23-000055
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-03-09 17:57:04
Reporting Period:
2023-03-07
Accepted Time:
2023-03-09 17:57:04
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.
One Main 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 Disposition 2023-03-09 500 $47.76 2,110 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 2023-03-07 1,325 $0.00 1,325 $0.00
Common Stock Restricted Stock Units Acquisiton 2023-03-07 2,660 $0.00 2,660 $0.00
Common Stock Stock Options Acquisiton 2023-03-07 2,660 $0.00 2,660 $47.27
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,325 2024-03-07 No 4 A Direct
2,660 2024-03-07 No 4 A Direct
2,660 2024-03-07 2033-03-07 No 4 A Direct
Footnotes
  1. Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
  2. Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
  3. 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 7, 2023. All RSUs vest 100% on March 7, 2024, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2023.
  4. Once vested, the shares of common stock are not subject to expiration.
  5. RSUs will vest 25% on March 7, 2024, with the remaining 75% vesting in equal quarterly installments over the remaining three years.
  6. Options will vest 25% on March 7, 2024, with the remaining 75% vesting in equal quarterly installments over the remaining three years, with all vesting subject to approval of the Pegasystems Inc. 2004 Long-Term Incentive Plan at the Company's 2023 annual meeting of shareholders.