Efstathios A. Kouninis - 01 Mar 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
VP of Finance & CAO
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Efstathios A. Kouninis
Issuer symbol
PEGA
Transactions as of
01 Mar 2022
Net transactions value
-$23,413
Form type
4
Filing time
03 Mar 2022, 17:49:59 UTC
Previous filing
21 Dec 2021
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 +171 +8.7% $0.000000 2,142 02 Mar 2022 Direct F1
transaction PEGA Common stock Tax liability $4,355 -51 -2.4% $85.40 2,091 02 Mar 2022 Direct
transaction PEGA Common stock Options Exercise $0 +461 +22% $0.000000 2,552 02 Mar 2022 Direct F2
transaction PEGA Common stock Tax liability $11,700 -137 -5.4% $85.40 2,415 02 Mar 2022 Direct
transaction PEGA Common stock Options Exercise $0 +211 +8.7% $0.000000 2,626 02 Mar 2022 Direct F3
transaction PEGA Common stock Tax liability $5,380 -63 -2.4% $85.40 2,563 02 Mar 2022 Direct
transaction PEGA Common stock Options Exercise $0 +76 +3% $0.000000 2,639 03 Mar 2022 Direct F4
transaction PEGA Common stock Tax liability $1,978 -23 -0.87% $85.99 2,616 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 +704 $0.000000 704 01 Mar 2022 Common stock 704 $0.000000 Direct F6, F7, F8
transaction PEGA Restricted Stock Units Award $0 +2,057 $0.000000 2,057 01 Mar 2022 Common stock 2,057 $0.000000 Direct F6, F8, F9
transaction PEGA Stock Options Award $0 +6,463 $0.000000 6,463 01 Mar 2022 Common stock 6,463 $85.40 Direct F10
transaction PEGA Restricted Stock Units Options Exercise $0 -171 -100% $0.000000* 0 02 Mar 2022 Common stock 171 $0.000000 Direct F1, F6, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -461 -100% $0.000000* 0 02 Mar 2022 Common stock 461 $0.000000 Direct F2, F6, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -211 -20% $0.000000 846 02 Mar 2022 Common stock 211 $0.000000 Direct F3, F6, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -76 -7.6% $0.000000 920 03 Mar 2022 Common stock 76 $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 3,410 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 461 restricted stock units, which were granted on March 2, 2021. As part of the Company's 2021 Corporate Incentive Compensation Plan (CICP), Mr. Kouninis elected to receive half of his annual bonus in RSUs.
F3 Represents a 20% vesting on March 2, 2022. The original grant was 1,057 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 1,533 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.