Rifat Kerim Akgonul - 01 Sep 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief Product Officer
Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Rifat Kerim Akgonul
Issuer symbol
PEGA
Transactions as of
01 Sep 2021
Net transactions value
-$539,219
Form type
4
Filing time
03 Sep 2021, 16:41:57 UTC
Previous filing
09 Jun 2021
Next filing
09 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 $110,880 +4,400 +9.7% $25.20 49,809 01 Sep 2021 Direct
transaction PEGA Common stock Tax liability $336,321 -2,390 -4.8% $140.72 47,419 01 Sep 2021 Direct F1
transaction PEGA Common stock Sale $283,028 -2,010 -4.2% $140.81 45,409 01 Sep 2021 Direct
transaction PEGA Common stock Options Exercise $0 +370 +0.81% $0.000000 45,779 02 Sep 2021 Direct F2
transaction PEGA Common stock Tax liability $15,380 -109 -0.24% $141.10 45,670 02 Sep 2021 Direct
transaction PEGA Common stock Options Exercise $0 +334 +0.73% $0.000000 46,004 03 Sep 2021 Direct F3
transaction PEGA Common stock Tax liability $15,370 -109 -0.24% $141.01 45,895 03 Sep 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 Stock Options Options Exercise $0 -4,400 -71% $0.000000 1,777 01 Sep 2021 Common stock 4,400 $25.20 Direct F5
transaction PEGA Restricted Stock Units Options Exercise $0 -370 -33% $0.000000 739 02 Sep 2021 Common stock 370 $0.000000 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -334 -6.7% $0.000000 4,681 03 Sep 2021 Common stock 334 $0.000000 Direct F3, F6, F7
* 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. Akgonul's tax liability, which were paid by way of the Company withholding shares of equal value.
F2 Represents a 5% vesting on September 2, 2021. The original grant was 7,387 restricted stock units, with 20% vesting on March 2, 2018, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Represents a 5% vesting on September 3, 2021. The original grant was 6,687 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F4 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F5 Options vested 20% on March 9, 2017, with the remaining 80% vesting in equal quarterly amounts over the next four years.
F6 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F7 Once vested, the shares of common stock are not subject to expiration.