Hayden Stafford - 02 Mar 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
President
Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Hayden Stafford
Issuer symbol
PEGA
Transactions as of
02 Mar 2021
Net transactions value
$0
Form type
4
Filing time
16 Jul 2021, 16:57:35 UTC
Next filing
06 Jul 2021
SEC
View on sec.gov

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 Award $0 +1,922 $0.000000 1,922 02 Mar 2021 Common stock 1,922 $0.000000 Direct F1, F2, F3
transaction PEGA Stock Options Award $0 +6,572 $0.000000 6,572 02 Mar 2021 Common stock 6,572 $130.45 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, following vesting, one share of common stock.
F2 RSUs will vest 20% on March 2, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Once vested, the shares of common stock are not subject to expiration.
F4 Options will vest 20% on March 2, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining four years.