Gus Bergsma - Feb 18, 2022 Form 4 Insider Report for BENTLEY SYSTEMS INC (BSY)

Role
Chief Revenue Officer
Signature
/s/ Michael T. Fischette, Attorney-in-Fact
Stock symbol
BSY
Transactions as of
Feb 18, 2022
Transactions value $
-$1,258,205
Form type
4
Date filed
2/23/2022, 03:46 PM
Previous filing
Jan 21, 2022
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSY Class B Common Stock Options Exercise $255K +65.8K +8.45% $3.88 845K Feb 18, 2022 Direct
transaction BSY Class B Common Stock Tax liability -$1.12M -29.6K -3.5% $37.92 816K Feb 18, 2022 Direct F1
transaction BSY Class B Common Stock Options Exercise $136K +35.2K +4.31% $3.88 851K Feb 22, 2022 Direct
transaction BSY Class B Common Stock Tax liability -$136K -3.71K -0.44% $36.79 847K Feb 22, 2022 Direct F2
holding BSY Class B Common Stock 28.5K Feb 18, 2022 By 401(K) Plan

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 BSY Stock Options (Right to Buy) Options Exercise -$255K -65.8K -100% $3.88 0 Feb 18, 2022 Class B Common Stock 65.8K $3.88 Direct F3
transaction BSY Stock Options (Right to Buy) Options Exercise -$136K -35.2K -100% $3.88 0 Feb 22, 2022 Class B Common Stock 35.2K $3.88 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer to cover the exercise price and taxes in connection with a cashless exercise of stock options by the Reporting Person
F2 Represents the number of shares of Class B Common Stock owned by the Reporting Person and relinquished to the Issuer to cover the exercise price of the options exercised via a stock swap exercise method.
F3 These options were fully vested and have been exercised in full.