Kenneth Stillwell - 01 Mar 2022 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
01 Mar 2022
Net transactions value
-$99,420
Form type
4
Filing time
03 Mar 2022, 17:42:50 UTC
Previous filing
03 Feb 2022
Next filing
09 Mar 2022
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 $0 +143 +2.1% $0.000000 7,016 02 Mar 2022 Direct F1
transaction PEGA Common stock Tax liability $2,989 -35 -0.5% $85.40 6,981 02 Mar 2022 Direct
transaction PEGA Common stock Options Exercise $0 +1,454 +21% $0.000000 8,435 02 Mar 2022 Direct F2
transaction PEGA Common stock Tax liability $30,317 -355 -4.2% $85.40 8,080 02 Mar 2022 Direct
transaction PEGA Common stock Options Exercise $0 +2,305 +29% $0.000000 10,385 02 Mar 2022 Direct F3
transaction PEGA Common stock Tax liability $51,496 -603 -5.8% $85.40 9,782 02 Mar 2022 Direct
transaction PEGA Common stock Options Exercise $0 +696 +7.1% $0.000000 10,478 03 Mar 2022 Direct F4
transaction PEGA Common stock Tax liability $14,618 -170 -1.6% $85.99 10,308 03 Mar 2022 Direct F5

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 Award $0 +2,311 $0.000000 2,311 01 Mar 2022 Common stock 2,311 $0.000000 Direct F6, F7, F8
transaction PEGA Restricted Stock Units Award $0 +23,508 $0.000000 23,508 01 Mar 2022 Common stock 23,508 $0.000000 Direct F6, F8, F9
transaction PEGA Stock Options Award $0 +73,856 $0.000000 73,856 01 Mar 2022 Common stock 73,856 $85.40 Direct F10
transaction PEGA Restricted Stock Units Options Exercise $0 -143 -100% $0.000000* 0 02 Mar 2022 Common stock 143 $0.000000 Direct F1, F6, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -1,454 -100% $0.000000* 0 02 Mar 2022 Common stock 1,454 $0.000000 Direct F2, F6, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -2,305 -20% $0.000000 9,222 02 Mar 2022 Common stock 2,305 $0.000000 Direct F3, F6, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -696 -7.7% $0.000000 8,359 03 Mar 2022 Common stock 696 $0.000000 Direct F4, F6, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a 5% vesting on March 2, 2022. 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.
F2 Represents 100% vesting on March 2, 2022. The original grant was 1,454 restricted stock units, which were granted on March 2, 2021. As part of the Company's 2021 Corporate Incentive Compensation Plan (CICP), Mr. Stillwell elected to receive half of his annual bonus in RSUs.
F3 Represents a 20% vesting on March 2, 2022. The original grant was 11,527 restricted stock units, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F4 Represents a 5% vesting on March 3, 2022. 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.
F5 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F6 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F7 Represents election by the individual, as part of the Company's Corporate Incentive Plan (CICP), to receive half of their annual bonus in RSUs, based upon the Company's stock price as of March 1, 2022. All RSUs vest 100% on March 1, 2023, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2022.
F8 Once vested, the shares of common stock are not subject to expiration.
F9 RSUs will vest 20% on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F10 Options will vest 20% on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years.