Form Type: 4

SEC EDGAR Link
Acccession Number:0001209191-20-016731
Date:2020-03-03
Issuer: PEGASYSTEMS INC (PEGA)
Original Submission Date:

Reporting Person:

PYLE MICHAEL R
C/O PEGASYSTEMS INC.
1 ROGERS STREET CAMBRIDGE, MA 02142

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-03-05 M 2,550 a $0.00 7,136 direct
COMMON STOCK 2020-03-05 F 751 d $91.86 6,385 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2020-03-03 deemed execution date A 1,571 (a) 2021-03-03 common stock 1,571 $0.00 1,571 direct
RESTRICTED STOCK UNITS 0.0 2020-03-03 deemed execution date A 3,341 (a) 2021-03-03 common stock 3,341 $0.00 3,341 direct
STOCK OPTIONS 90.05 2020-03-03 deemed execution date A 14,444 (a) 2021-03-03 2030-03-03 common stock 14,444 $90.05 14,444 direct
RESTRICTED STOCK UNITS 0.0 2020-03-05 deemed execution date M 2,550 (d) 2019-03-05 common stock 2,550 $0.00 0 direct
Footnotes
IDfootnote
f1 represents 50% vesting on march 5, 2020. the original grant was 5,100 restricted stock units, with 50% vesting on march 5, 2019, and the remaining 50% vesting on march 5, 2020.
f2 does not include shares of common stock subject to unvested restricted stock units and/or options awards.
f3 each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
f4 represents election by the individual, as part of the company's corporate incentive plan (cicp), to receive half of their annual bonus in rsus, based upon the company's stock price as of march 3, 2020. all rsus vest 100% on march 3, 2021, subject to the attainment of the cicp performance threshold funding for the year ending december 31, 2020.
f5 once vested, the shares of common stock are not subject to expiration.
f6 one-third of the rsus will vest on march 3, 2021, with the remaining two-thirds vesting on march 3, 2022, and march 3, 2023.
f7 one-third of the options will vest on march 3, 2021, with the remaining two-thirds vesting on march 3, 2022, and march 3, 2023.

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