Hayden Stafford - Mar 2, 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
President
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Hayden Stafford
Stock symbol
PEGA
Transactions as of
Mar 2, 2022
Transactions value $
-$32,281
Form type
4
Date filed
3/4/2022, 04:03 PM
Previous filing
Feb 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +971 +11.97% $0.00 9.08K Mar 2, 2022 Direct F1
transaction PEGA Common stock Tax liability -$23.1K -271 -2.98% $85.40 8.81K Mar 2, 2022 Direct
transaction PEGA Common stock Options Exercise $0 +384 +4.36% $0.00 9.19K Mar 2, 2022 Direct F2
transaction PEGA Common stock Tax liability -$9.14K -107 -1.16% $85.40 9.09K Mar 2, 2022 Direct F3

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 -971 -100% $0.00* 0 Mar 2, 2022 Common stock 971 $0.00 Direct F1, F4, F5
transaction PEGA Restricted Stock Units Options Exercise $0 -384 -19.98% $0.00 1.54K Mar 2, 2022 Common stock 384 $0.00 Direct F2, F4, F5
* 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 971 restricted stock units, which were granted on March 2, 2021. As part of the Company's 2021 Corporate Incentive Compensation Plan (CICP), Mr. Stafford elected to receive half of his annual bonus in RSUs.
F2 Represents a 20% vesting on March 2, 2022. The original grant was 1,922 restricted stock units, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F4 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F5 Once vested, the shares of common stock are not subject to expiration.