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

Role
Chief Revenue Officer
Signature
/s/ Michael T. Fischette, Attorney-in-Fact
Issuer symbol
BSY
Transactions as of
18 Feb 2022
Net transactions value
-$1,258,205
Form type
4
Filing time
23 Feb 2022, 15:46:46 UTC
Previous filing
21 Jan 2022
Next filing
02 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSY Class B Common Stock Options Exercise $255,444 +65,836 +8.4% $3.88 845,119 18 Feb 2022 Direct
transaction BSY Class B Common Stock Tax liability $1,121,787 -29,583 -3.5% $37.92 815,536 18 Feb 2022 Direct F1
transaction BSY Class B Common Stock Options Exercise $136,398 +35,154 +4.3% $3.88 850,690 22 Feb 2022 Direct
transaction BSY Class B Common Stock Tax liability $136,417 -3,708 -0.44% $36.79 846,982 22 Feb 2022 Direct F2
holding BSY Class B Common Stock 28,466 18 Feb 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 $255,444 -65,836 -100% $3.88 0 18 Feb 2022 Class B Common Stock 65,836 $3.88 Direct F3
transaction BSY Stock Options (Right to Buy) Options Exercise $136,398 -35,154 -100% $3.88 0 22 Feb 2022 Class B Common Stock 35,154 $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.