Alan Trefler - Mar 1, 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
C.E.O. & Chairman, 10%+ Owner
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Alan Trefler
Stock symbol
PEGA
Transactions as of
Mar 1, 2022
Transactions value $
-$219,719
Form type
4
Date filed
3/3/2022, 06:02 PM
Previous filing
Feb 14, 2022
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +2.24K +0.01% $0.00 39.8M Mar 2, 2022 Direct F1
transaction PEGA Common stock Tax liability -$56K -656 0% $85.40 39.8M Mar 2, 2022 Direct
transaction PEGA Common stock Options Exercise $0 +5K +0.01% $0.00 39.8M Mar 2, 2022 Direct F2
transaction PEGA Common stock Tax liability -$129K -1.51K 0% $85.40 39.8M Mar 2, 2022 Direct
transaction PEGA Common stock Options Exercise $0 +1.39K +0% $0.00 39.8M Mar 3, 2022 Direct F3
transaction PEGA Common stock Tax liability -$35.2K -409 0% $85.99 39.8M Mar 3, 2022 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 Award $0 +240K $0.00 240K Mar 1, 2022 Common stock 240K $85.40 Direct F5
transaction PEGA Restricted Stock Units Options Exercise $0 -2.24K -100% $0.00* 0 Mar 2, 2022 Common stock 2.24K $0.00 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -5K -20% $0.00 20K Mar 2, 2022 Common stock 5K $0.00 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -1.39K -7.69% $0.00 16.7K Mar 3, 2022 Common stock 1.39K $0.00 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 100% vesting on March 2, 2022. The original grant was 2,235 restricted stock units, which were granted on March 2, 2021. As part of the Company's 2021 Corporate Incentive Compensation Plan (CICP), Mr. Trefler elected to receive half of his annual bonus in RSUs.
F2 Represents a 20% vesting on March 2, 2022. The original grant was 24,976 restricted stock units, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Represents a 5% vesting on March 3, 2022. The original grant was 27,862 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 will vest 20% on March 2, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining 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.