Kenneth Stillwell - 07 Jun 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
COO, CFO
Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Kenneth Stillwell
Issuer symbol
PEGA
Transactions as of
07 Jun 2021
Net transactions value
-$275,584
Form type
4
Filing time
09 Jun 2021, 17:04:07 UTC
Previous filing
04 Jun 2021
Next filing
06 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +426 +5.6% $0.000000 8,077 07 Jun 2021 Direct F1
transaction PEGA Common stock Tax liability $22,652 -189 -2.3% $119.85 7,888 07 Jun 2021 Direct
transaction PEGA Common stock Options Exercise $0 +430 +5.5% $0.000000 8,318 07 Jun 2021 Direct F2
transaction PEGA Common stock Tax liability $22,891 -191 -2.3% $119.85 8,127 07 Jun 2021 Direct
transaction PEGA Common stock Options Exercise $20,777 +469 +5.8% $44.30 8,596 09 Jun 2021 Direct
transaction PEGA Common stock Tax liability $38,394 -298 -3.5% $128.84 8,298 09 Jun 2021 Direct F3
transaction PEGA Common stock Options Exercise $80,879 +1,372 +17% $58.95 9,670 09 Jun 2021 Direct
transaction PEGA Common stock Tax liability $123,429 -958 -9.9% $128.84 8,712 09 Jun 2021 Direct F3
transaction PEGA Common stock Options Exercise $94,080 +1,462 +17% $64.35 10,174 09 Jun 2021 Direct
transaction PEGA Common stock Tax liability $135,926 -1,055 -10% $128.84 9,119 09 Jun 2021 Direct F3
transaction PEGA Common stock Sale $128,028 -992 -11% $129.06 8,127 09 Jun 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% $0.000000 2,984 07 Jun 2021 Common stock 426 $0.000000 Direct F1, F5, F6
transaction PEGA Restricted Stock Units Options Exercise $0 -430 -8.3% $0.000000 4,722 07 Jun 2021 Common stock 430 $0.000000 Direct F2, F5, F6
transaction PEGA Stock Options Options Exercise $0 -469 -25% $0.000000 1,407 09 Jun 2021 Common stock 469 $44.30 Direct F7
transaction PEGA Stock Options Options Exercise $0 -1,372 -12% $0.000000 9,606 09 Jun 2021 Common stock 1,372 $58.95 Direct F8
transaction PEGA Stock Options Options Exercise $0 -1,462 -8.3% $0.000000 16,082 09 Jun 2021 Common stock 1,462 $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.