Kenneth Stillwell - 01 Sep 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
01 Sep 2021
Net transactions value
-$186,514
Form type
4
Filing time
03 Sep 2021, 17:00:42 UTC
Previous filing
26 Aug 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 Sale $55,922 -402 -4.1% $139.11 9,398 01 Sep 2021 Direct F1, F2
transaction PEGA Common stock Sale $70,230 -500 -5.3% $140.46 8,898 01 Sep 2021 Direct F1, F3
transaction PEGA Common stock Sale $13,824 -98 -1.1% $141.06 8,800 01 Sep 2021 Direct F1
transaction PEGA Common stock Options Exercise $0 +142 +1.6% $0.000000 8,942 02 Sep 2021 Direct F4
transaction PEGA Common stock Tax liability $7,902 -56 -0.63% $141.10 8,886 02 Sep 2021 Direct
transaction PEGA Common stock Options Exercise $0 +696 +7.8% $0.000000 9,582 03 Sep 2021 Direct F5
transaction PEGA Common stock Tax liability $38,637 -274 -2.9% $141.01 9,308 03 Sep 2021 Direct F6

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 -142 -33% $0.000000 285 02 Sep 2021 Common stock 142 $0.000000 Direct F4, F7, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -696 -6.7% $0.000000 9,752 03 Sep 2021 Common stock 696 $0.000000 Direct F5, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sold pursuant to a pre-arranged trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F2 Represents the weighted average of sale prices, ranging from $138.63 to $139.34. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
F3 Represents the weighted average of sale prices, ranging from $139.92 to $140.89. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
F4 Represents a 5% vesting on September 2, 2021. The original grant was 2,841 restricted stock units, with 20% vesting on March 2, 2018, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F5 Represents a 5% vesting on September 3, 2021. The original grant was 13,931 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F6 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F7 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F8 Once vested, the shares of common stock are not subject to expiration.