Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-20-035302
Date:2020-06-05
Issuer: PEGASYSTEMS INC (PEGA)
Original Submission Date:

Reporting Person:

STILLWELL KENNETH
C/O PEGASYSTEMS INC.
ONE 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 2020-06-05 M 426 a $0.00 9,492 direct
COMMON STOCK 2020-06-05 F 189 d $99.20 9,303 direct
COMMON STOCK 2020-06-08 M 430 a $0.00 9,733 direct
COMMON STOCK 2020-06-08 F 191 d $98.51 9,542 direct
COMMON STOCK 2020-06-08 M 469 a $44.30 10,011 direct
COMMON STOCK 2020-06-08 F 326 d $98.81 9,685 direct
COMMON STOCK 2020-06-08 M 1,372 a $58.95 11,057 direct
COMMON STOCK 2020-06-08 F 1,064 d $98.81 9,993 direct
COMMON STOCK 2020-06-08 M 1,462 a $64.35 11,455 direct
COMMON STOCK 2020-06-08 F 1,179 d $98.81 10,276 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 2020-06-05 deemed execution date M 426 (d) 2019-03-05 common stock 426 $0.00 4,689 direct
RESTRICTED STOCK UNITS 0.0 2020-06-08 deemed execution date M 430 (d) 2020-03-06 common stock 430 $0.00 6,439 direct
STOCK OPTIONS 44.3 2020-06-08 deemed execution date M 469 (d) 2018-03-02 2027-03-02 common stock 469 $44.30 3,283 direct
STOCK OPTIONS 58.95 2020-06-08 deemed execution date M 1,372 (d) 2019-03-05 2028-03-05 common stock 1,372 $58.95 15,094 direct
STOCK OPTIONS 64.35 2020-06-08 deemed execution date M 1,462 (d) 2020-03-06 2029-03-06 common stock 1,462 $64.35 21,930 direct
Footnotes
IDfootnote
f1 represents a 5% vesting on june 5, 2020. the original grant was 8,524 restricted stock units, with 20% vesting on march 5, 2019, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
f2 represents a 5% vesting on june 6, 2020, with a release date of june 8, 2020, the next business day following the vesting. the original grant was 8,586 restricted stock units, with 20% vesting on march 6, 2020 and the remaining 80% vesting in equal quarterly installments over the remaining four years.
f3 represents the exercise price for the stock options referenced in table ii and mr. stillwell's tax liability, which were paid by way of the company withholding shares of equal value.
f4 does not include shares of common stock subject to unvested restricted stock units and/or options awards.
f5 each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
f6 once vested, shares of common stock are not subject to expiration.
f7 options vested 20% on march 2, 2018, with the remaining 80% vesting in equal quarterly amounts over the next four years.
f8 options vested 20% on march 5, 2019, with the remaining 80% vesting in equal quarterly amounts over the next four years.
f9 options vested on march 6, 2020, with the remaining 80% vesting in equal quarterly amounts over the next four years.
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