David R. Shaman - Feb 24, 2022 Form 4 Insider Report for BENTLEY SYSTEMS INC (BSY)

Role
Chief Legal Officer
Signature
/s/ Michael T. Fischette, Attorney-in-Fact
Stock symbol
BSY
Transactions as of
Feb 24, 2022
Transactions value $
-$1,368,925
Form type
4
Date filed
2/28/2022, 03:47 PM
Previous filing
Jan 21, 2022
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSY Class B Common Stock Options Exercise $161K +41.5K +5.45% $3.88 803K Feb 24, 2022 Direct
transaction BSY Class B Common Stock Tax liability -$161K -4.22K -0.53% $38.12 799K Feb 24, 2022 Direct F1
transaction BSY Class B Common Stock Options Exercise $280K +72.1K +9.02% $3.88 871K Feb 25, 2022 Direct
transaction BSY Class B Common Stock Tax liability -$1.21M -31.6K -3.62% $38.26 840K Feb 25, 2022 Direct F2
holding BSY Class B Common Stock 32.6K Feb 24, 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 -$161K -41.5K -36.52% $3.88 72.1K Feb 24, 2022 Class B Common Stock 41.5K $3.88 Direct F3
transaction BSY Stock Options (Right to Buy) Options Exercise -$280K -72.1K -100% $3.88 0 Feb 25, 2022 Class B Common Stock 72.1K $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 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.
F2 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.
F3 These options were fully vested, and, following the exercise on February 25, 2022, have been exercised in full.