Rifat Kerim Akgonul - Jun 7, 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief Product Officer
Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Rifat Kerim Akgonul
Stock symbol
PEGA
Transactions as of
Jun 7, 2021
Transactions value $
-$339,319
Form type
4
Date filed
6/9/2021, 04:52 PM
Previous filing
Jun 4, 2021
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +341 +0.72% $0.00 47.7K Jun 7, 2021 Direct F1
transaction PEGA Common stock Tax liability -$12.1K -101 -0.21% $119.85 47.6K Jun 7, 2021 Direct
transaction PEGA Common stock Options Exercise $0 +332 +0.7% $0.00 48K Jun 7, 2021 Direct F2
transaction PEGA Common stock Tax liability -$11.7K -98 -0.2% $119.85 47.9K Jun 7, 2021 Direct
transaction PEGA Common stock Sale -$315K -2.47K -5.16% $127.72 45.4K Jun 9, 2021 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PEGA Restricted Stock Units Options Exercise $0 -341 -12.5% $0.00 2.39K Jun 7, 2021 Common stock 341 $0.00 Direct F1, F5, F6
transaction PEGA Restricted Stock Units Options Exercise $0 -332 -8.34% $0.00 3.65K Jun 7, 2021 Common stock 332 $0.00 Direct F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a 5% vesting on June 5, 2021, with a release date of June 7, 2021, the first business day following vesting. The original grant was 6,819 restricted stock units, with 20% vesting on March 5, 2019, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents a 5% vesting on June 6, 2021, with a release date of June 7, 2021, the first business day following vesting. The original grant was 6,635 restricted stock units, with 20% vesting on March 6, 2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Represents the weighted average of sale prices, ranging from $127.70 to $127.78. 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.
F4 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F5 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F6 Once vested, the shares of common stock are not subject to expiration.