Kenneth Stillwell - Jun 7, 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
COO, CFO
Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Kenneth Stillwell
Stock symbol
PEGA
Transactions as of
Jun 7, 2021
Transactions value $
-$275,584
Form type
4
Date filed
6/9/2021, 05:04 PM
Previous filing
Jun 4, 2021
Next filing
Jul 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +426 +5.57% $0.00 8.08K Jun 7, 2021 Direct F1
transaction PEGA Common stock Tax liability -$22.7K -189 -2.34% $119.85 7.89K Jun 7, 2021 Direct
transaction PEGA Common stock Options Exercise $0 +430 +5.45% $0.00 8.32K Jun 7, 2021 Direct F2
transaction PEGA Common stock Tax liability -$22.9K -191 -2.3% $119.85 8.13K Jun 7, 2021 Direct
transaction PEGA Common stock Options Exercise $20.8K +469 +5.77% $44.30 8.6K Jun 9, 2021 Direct
transaction PEGA Common stock Tax liability -$38.4K -298 -3.47% $128.84 8.3K Jun 9, 2021 Direct F3
transaction PEGA Common stock Options Exercise $80.9K +1.37K +16.53% $58.95 9.67K Jun 9, 2021 Direct
transaction PEGA Common stock Tax liability -$123K -958 -9.91% $128.84 8.71K Jun 9, 2021 Direct F3
transaction PEGA Common stock Options Exercise $94.1K +1.46K +16.78% $64.35 10.2K Jun 9, 2021 Direct
transaction PEGA Common stock Tax liability -$136K -1.06K -10.37% $128.84 9.12K Jun 9, 2021 Direct F3
transaction PEGA Common stock Sale -$128K -992 -10.88% $129.06 8.13K Jun 9, 2021 Direct 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 -426 -12.49% $0.00 2.98K Jun 7, 2021 Common stock 426 $0.00 Direct F1, F5, F6
transaction PEGA Restricted Stock Units Options Exercise $0 -430 -8.35% $0.00 4.72K Jun 7, 2021 Common stock 430 $0.00 Direct F2, F5, F6
transaction PEGA Stock Options Options Exercise $0 -469 -25% $0.00 1.41K Jun 9, 2021 Common stock 469 $44.30 Direct F7
transaction PEGA Stock Options Options Exercise $0 -1.37K -12.5% $0.00 9.61K Jun 9, 2021 Common stock 1.37K $58.95 Direct F8
transaction PEGA Stock Options Options Exercise $0 -1.46K -8.33% $0.00 16.1K Jun 9, 2021 Common stock 1.46K $64.35 Direct F9
* 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 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.
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 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.
F3 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.
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.
F7 Options vested 20% on March 2, 2018, with the remaining 80% vesting in equal quarterly amounts over the next four years.
F8 Options vested 20% on March 5, 2019, with the remaining 80% vesting in equal quarterly amounts over the next four years.
F9 Options vested 20% on March 6, 2020, with the remaining 80 vesting in equal quarterly installments over the next four years.