Efstathios A. Kouninis - Aug 26, 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
VP of Finance & CAO
Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Efstathios A. Kouninis
Stock symbol
PEGA
Transactions as of
Aug 26, 2021
Transactions value $
-$120,158
Form type
4
Date filed
8/30/2021, 04:17 PM
Previous filing
Jun 16, 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 $12K +478 +19.61% $25.20 2.92K Aug 26, 2021 Direct
transaction PEGA Common stock Tax liability -$24.8K -184 -6.31% $135.00 2.73K Aug 26, 2021 Direct F1
transaction PEGA Common stock Sale -$39.7K -294 -10.76% $135.00 2.44K Aug 26, 2021 Direct
transaction PEGA Common stock Options Exercise $17.1K +628 +25.76% $27.24 3.07K Aug 26, 2021 Direct
transaction PEGA Common stock Tax liability -$33.6K -249 -8.12% $135.00 2.82K Aug 26, 2021 Direct F1
transaction PEGA Common stock Sale -$51.2K -379 -13.45% $135.00 2.44K Aug 26, 2021 Direct 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 -478 -100% $0.00* 0 Aug 26, 2021 Common stock 478 $25.20 Direct F3
transaction PEGA Stock Options Options Exercise $0 -628 -66.67% $0.00 314 Aug 26, 2021 Common stock 628 $27.24 Direct F4
* 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. Kouninis'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 March 9, 2017, with the remaining 80% vesting in equal quarterly installments over the next four years.
F4 Options vested 20% on September 12, 2017, with the remaining 80% vesting in equal quarterly installments over the next four years.