John Gerard Higgins - Feb 16, 2022 Form 3 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief, Client &Partner Success
Signature
s/ Jenna L. Burstyn, Attorney-in-Fact for John Gerard Higgins
Stock symbol
PEGA
Transactions as of
Feb 16, 2022
Transactions value $
$0
Form type
3
Date filed
3/8/2022, 05:00 PM
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PEGA Common stock 795 Feb 16, 2022 Direct

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
holding PEGA Restricted Stock Units Feb 16, 2022 Common stock 7.82K $0.00 Direct F1, F2, F3
holding PEGA Stock Options Feb 16, 2022 Common stock 31.8K $136.08 Direct F4
holding PEGA Restricted Stock Units Feb 16, 2022 Common stock 1.84K $0.00 Direct F1, F3, F5
holding PEGA Stock Options Feb 16, 2022 Common stock 6.3K $136.08 Direct F6
holding PEGA Restricted Stock Units Feb 16, 2022 Common stock 1.84K $0.00 Direct F1, F3, F7
holding PEGA Stock Options Feb 16, 2022 Common stock 5.78K $136.08 Direct F8
holding PEGA Restricted Stock Units Feb 16, 2022 Common stock 1.85K $0.00 Direct F1, F3, F9
holding PEGA Stock Options Feb 16, 2022 Common stock 5.27K $136.08 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F2 The original grant was 9,207 restricted stock units, with 5% vesting on June 1, 2021, and the remaining 95% vesting in 5% quarterly installments.
F3 Once vested, the shares of common stock are not subject to expiration.
F4 Stock options vested 5% on June 1, 2021, and the remaining 95% will vest in 5% quarterly installments.
F5 RSUs will vest 20% on March 1, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining four years, subject to acceleration based on the achievement of performance-based metrics.
F6 Options will vest 20% on March 1, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining four years, subject to acceleration based on the achievement of performance-based metrics.
F7 RSUs will vest 20% on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years, subject to acceleration based on the achievement of performance-based metrics.
F8 Options will vest 20% on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years, subject to acceleration based on the achievement of performance-based metrics.
F9 RSUs will vest 20% on March 1, 2024, with the remaining 80% vesting in equal quarterly installments over the remaining four years, subject to acceleration based on the achievement of performance-based metrics.
F10 Options will vest 20% on March 1, 2024, with the remaining 80% vesting in equal quarterly installments over the remaining four years, subject to acceleration based on the achievement of performance-based metrics.

Remarks:

John Gerard Higgins became Pegasystems Inc.'s Chief of Client & Partner Success on March 7, 2022. EXHIBIT LIST: EX-24 JGHiggins Ex. 24