Kenneth Stillwell - 04 Nov 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
04 Nov 2021
Net transactions value
-$80,425
Form type
4
Filing time
08 Nov 2021, 15:38:53 UTC
Previous filing
02 Nov 2021
Next filing
03 Dec 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 $20,777 +469 +6% $44.30 8,295 04 Nov 2021 Direct
transaction PEGA Common stock Tax liability $34,966 -289 -3.5% $120.99 8,006 04 Nov 2021 Direct F1
transaction PEGA Common stock Options Exercise $80,938 +1,373 +17% $58.95 9,379 04 Nov 2021 Direct
transaction PEGA Common stock Tax liability $114,578 -947 -10% $120.99 8,432 04 Nov 2021 Direct F1
transaction PEGA Common stock Options Exercise $94,080 +1,462 +17% $64.35 9,894 04 Nov 2021 Direct
transaction PEGA Common stock Tax liability $126,677 -1,047 -11% $120.99 8,847 04 Nov 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 -469 -33% $0.000000 938 04 Nov 2021 Common stock 469 $44.30 Direct F3
transaction PEGA Stock Options Options Exercise $0 -1,373 -14% $0.000000 8,233 04 Nov 2021 Common stock 1,373 $58.95 Direct F4
transaction PEGA Stock Options Options Exercise $0 -1,462 -9.1% $0.000000 14,620 04 Nov 2021 Common stock 1,462 $64.35 Direct F5
* 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 March 2, 2018, with the remaining 80% vesting in equal quarterly amounts over the next four years.
F4 Options vested 20% on March 5, 2019, with the remaining 80% vesting in equal quarterly amounts over the next four years.
F5 Options vested 20% on March 6, 2020, with the remaining 80% vesting in equal quarterly amounts over the next four years.