Michael R. Pyle - 07 Mar 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Reporting relationship: Chief Technology Strategist
Issuer ticker: PEGA
Reported as of: 07 Mar 2022
Net transaction value: -$1,251,026
SEC form: 4
Accepted by SEC: 09 Mar 2022, 15:38:48 UTC
Prior SEC filing: 03 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Jenna L. Burstyn, Attorney-in-Fact for Michael R. Pyle

Key filing fact

Michael R. Pyle filed Form 4 for PEGASYSTEMS INC (PEGA) on 09 Mar 2022.

Key facts

This page summarizes Michael R. Pyle's Form 4 filing for PEGASYSTEMS INC (PEGA).
9 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 09 Mar 2022, 15:38.

Change

Previous filing in this sequence was filed on 03 Mar 2022.
Current net transaction value: -$1,251,026.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PEGA transaction

Common stock

Options Exercise

Transaction value: $0
Shares: +311
Change %: +3.3%
Price: $0.000000
Shares after: 9,762
Date: 07 Mar 2022
Ownership: Direct
Footnotes: F1

PEGA transaction

Common stock

Tax liability

Transaction value: $7,563
Shares: -92
Change %: -0.94%
Price: $82.21
Shares after: 9,670
Date: 07 Mar 2022
Ownership: Direct

PEGA transaction

Common stock

Options Exercise

Transaction value: $622,179
Shares: +30,365
Change %: +314%
Price: $20.49
Shares after: 40,035
Date: 08 Mar 2022
Ownership: Direct

PEGA transaction

Common stock

Tax liability

Transaction value: $1,303,317
Shares: -16,481
Change %: -41%
Price: $79.08
Shares after: 23,554
Date: 08 Mar 2022
Ownership: Direct
Footnotes: F2

PEGA transaction

Common stock

Options Exercise

Transaction value: $592,956
Shares: +23,530
Change %: +100%
Price: $25.20
Shares after: 47,084
Date: 08 Mar 2022
Ownership: Direct

PEGA transaction

Common stock

Tax liability

Transaction value: $1,155,280
Shares: -14,609
Change %: -31%
Price: $79.08
Shares after: 32,475
Date: 08 Mar 2022
Ownership: Direct
Footnotes: F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PEGA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -311
Change %: -20%
Price: $0.000000
Shares after: 1,248
Date: 07 Mar 2022
Ownership: Direct
Underlying class: Common stock
Underlying amount: 311
Exercise price: $0.000000
Footnotes: F1, F4, F5

PEGA transaction Derivative

Stock Options

Options Exercise

Transaction value: $0
Shares: -30,365
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Mar 2022
Ownership: Direct
Underlying class: Common stock
Underlying amount: 30,365
Exercise price: $20.49
Footnotes: F6

PEGA transaction Derivative

Stock Options

Options Exercise

Transaction value: $0
Shares: -23,530
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Mar 2022
Ownership: Direct
Underlying class: Common stock
Underlying amount: 23,530
Exercise price: $25.20
Footnotes: F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Represents a 5% vesting on March 6, 2022, with a release date of March 7, 2022, the first business day following vesting. The original grant was 4,681 restricted stock units, with 20% vesting on March 6, 2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years.

Footnote F2

Represents the exercise price of the stock options referenced in Table II and Mr. Pyle's tax liability, which were paid by way of the Company withholding shares of equal value.

Footnote F3

Does not include shares of common stock subject to unvested restricted stock units and/or options awards.

Footnote F4

Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.

Footnote F5

Once vested, the shares of common stock are not subject to expiration.

Footnote F6

Options vested 20% on March 2, 2016, with the remaining 80% vesting in equal quarterly installments over the next four years.

Footnote F7

Options vested 20% on March 9, 2017, with the remaining 80% vesting in equal quarterly installments over the next four years.