MICHAEL R. PYLE - 07 Mar 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief Technology Strategist
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Michael R. Pyle
Issuer symbol
PEGA
Transactions as of
07 Mar 2022
Net transactions value
-$1,251,026
Form type
4
Filing time
09 Mar 2022, 15:38:48 UTC
Previous filing
03 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 +311 +3.3% $0.000000 9,762 07 Mar 2022 Direct F1
transaction PEGA Common stock Tax liability $7,563 -92 -0.94% $82.21 9,670 07 Mar 2022 Direct
transaction PEGA Common stock Options Exercise $622,179 +30,365 +314% $20.49 40,035 08 Mar 2022 Direct
transaction PEGA Common stock Tax liability $1,303,317 -16,481 -41% $79.08 23,554 08 Mar 2022 Direct F2
transaction PEGA Common stock Options Exercise $592,956 +23,530 +100% $25.20 47,084 08 Mar 2022 Direct
transaction PEGA Common stock Tax liability $1,155,280 -14,609 -31% $79.08 32,475 08 Mar 2022 Direct F2, 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 -311 -20% $0.000000 1,248 07 Mar 2022 Common stock 311 $0.000000 Direct F1, F4, F5
transaction PEGA Stock Options Options Exercise $0 -30,365 -100% $0.000000* 0 08 Mar 2022 Common stock 30,365 $20.49 Direct F6
transaction PEGA Stock Options Options Exercise $0 -23,530 -100% $0.000000* 0 08 Mar 2022 Common stock 23,530 $25.20 Direct F7
* 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 6, 2022, with a release date of March 7, 2022, the first business day following vesting. The original grant was 4,681 restricted stock units, with 20% vesting on March 6, 2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents the exercise price of the stock options referenced in Table II and Mr. Pyle's tax liability, which were paid by way of the Company withholding shares of equal value.
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.
F6 Options vested 20% on March 2, 2016, with the remaining 80% vesting in equal quarterly installments over the next four years.
F7 Options vested 20% on March 9, 2017, with the remaining 80% vesting in equal quarterly installments over the next four years.