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

Role
Chief Legal Officer
Signature
/s/ Michael T. Fischette, Attorney-in-Fact
Issuer symbol
BSY
Transactions as of
24 Feb 2022
Net transactions value
-$1,368,925
Form type
4
Filing time
28 Feb 2022, 15:47:53 UTC
Previous filing
21 Jan 2022
Next filing
17 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 $160,985 +41,491 +5.4% $3.88 803,361 24 Feb 2022 Direct
transaction BSY Class B Common Stock Tax liability $161,019 -4,224 -0.53% $38.12 799,137 24 Feb 2022 Direct F1
transaction BSY Class B Common Stock Options Exercise $279,822 +72,119 +9% $3.88 871,256 25 Feb 2022 Direct
transaction BSY Class B Common Stock Tax liability $1,207,906 -31,571 -3.6% $38.26 839,685 25 Feb 2022 Direct F2
holding BSY Class B Common Stock 32,635 24 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 $160,985 -41,491 -37% $3.88 72,119 24 Feb 2022 Class B Common Stock 41,491 $3.88 Direct F3
transaction BSY Stock Options (Right to Buy) Options Exercise $279,822 -72,119 -100% $3.88 0 25 Feb 2022 Class B Common Stock 72,119 $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.