Kenneth Stillwell - 24 Aug 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
COO, CFO
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Kenneth Stillwell
Issuer symbol
PEGA
Transactions as of
24 Aug 2021
Net transactions value
-$524,098
Form type
4
Filing time
26 Aug 2021, 16:42:09 UTC
Previous filing
10 Aug 2021
Next filing
03 Sep 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 $69,350 +2,500 +34% $27.74 9,844 24 Aug 2021 Direct
transaction PEGA Common stock Tax liability $186,249 -1,399 -14% $133.13 8,445 24 Aug 2021 Direct F1
transaction PEGA Common stock Sale $146,543 -1,101 -13% $133.10 7,344 24 Aug 2021 Direct
transaction PEGA Common stock Options Exercise $154,678 +5,576 +76% $27.74 12,920 24 Aug 2021 Direct
transaction PEGA Common stock Tax liability $415,334 -3,120 -24% $133.12 9,800 24 Aug 2021 Direct F1, F2

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 Stock Options Options Exercise $0 -2,500 -31% $0.000000 5,576 24 Aug 2021 Common stock 2,500 $27.74 Direct F3
transaction PEGA Stock Options Options Exercise $0 -5,576 -100% $0.000000* 0 24 Aug 2021 Common stock 5,576 $27.74 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise price of 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.
F2 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F3 Options vested 20% on August 1, 2017, with the remaining 80% vesting in equal quarterly amounts.