Kenneth Stillwell - 03 Jun 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
COO, CFO
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Kenneth Stillwell
Issuer symbol
PEGA
Transactions as of
03 Jun 2022
Net transactions value
-$20,270
Form type
4
Filing time
07 Jun 2022, 21:11:17 UTC
Previous filing
03 Jun 2022
Next filing
07 Sep 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 +697 +6.1% $0.000000 12,088 03 Jun 2022 Direct F1
transaction PEGA Common stock Tax liability $9,304 -170 -1.4% $54.73 11,918 03 Jun 2022 Direct
transaction PEGA Common stock Options Exercise $0 +426 +3.6% $0.000000 12,344 06 Jun 2022 Direct F2
transaction PEGA Common stock Tax liability $5,457 -104 -0.84% $52.47 12,240 06 Jun 2022 Direct
transaction PEGA Common stock Options Exercise $0 +429 +3.5% $0.000000 12,669 06 Jun 2022 Direct F3
transaction PEGA Common stock Tax liability $5,509 -105 -0.83% $52.47 12,564 06 Jun 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 Restricted Stock Units Options Exercise $0 -697 -8.3% $0.000000 7,662 03 Jun 2022 Common stock 697 $0.000000 Direct F1, F5, F6
transaction PEGA Stock Options Award $0 +110,000 $0.000000 110,000 05 Jun 2022 Common stock 110,000 $52.47 Direct F7
transaction PEGA Restricted Stock Units Options Exercise $0 -426 -25% $0.000000 1,279 06 Jun 2022 Common stock 426 $0.000000 Direct F2, F5, F6
transaction PEGA Restricted Stock Units Options Exercise $0 -429 -12% $0.000000 3,005 06 Jun 2022 Common stock 429 $0.000000 Direct F3, F5, F6
* 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 June 3, 2022. The original grant was 13,931 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents a 5% vesting on June 5, 2022, with a release date of June 6, 2022, the first business day following vesting. The original grant was 8,524 restricted stock units, with 20% vesting on March 5, 2019, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Represents a 5% vesting on June 6, 2022. The original grant was 8,586 restricted stock units, with 20% vesting on March 6, 2020, 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 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F6 Once vested, the shares of common stock are not subject to expiration.
F7 Options will vest 33% on June 5, 2023, with the remaining 66% vesting in equal quarterly installments over the remaining two years.