Form 4 for PEGA PEGASYSTEMS INC
Accepted 2021-08-04 00:00:00 ET · period of report 2021-08-02 · accession 0001013857-21-000180 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-08-04 | 2021-08-02 | PEGA | STILLWELL KENNETH | COO, CFO | S - Sale+OE | $127.16 | -1,000 | 7,744 | -11% | -$127.2K |
| D | 2021-08-04 | 2021-08-02 | PEGA | STILLWELL KENNETH | COO, CFO | F - Tax | $127.64 | -970 | 8,344 | -10% | -$123.8K |
| D | 2021-08-04 | 2021-08-02 | PEGA | STILLWELL KENNETH | COO, CFO | M - OptEx | $0.00 | +2,187 | 9,314 | +31% | $0 |
| D | 2021-08-04 | 2021-08-02 | PEGA | STILLWELL KENNETH | COO, CFO | M - OptEx | $0.00 | -2,187 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common stock | 2021-08-02 | S | D | 400 | $127.71 | 7,344 | D | — | — | (F2) Sold pursuant to a pre-arranged trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. (F4) Represents the weighted average of sale prices, ranging from $127.53 to $128.16. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price. (F5) Does not include shares of common stock subject to unvested restricted stock units and/or options awards. |
| 2 | Common | Common stock | 2021-08-02 | S | D | 600 | $126.79 | 7,744 | D | — | — | (F2) Sold pursuant to a pre-arranged trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. (F3) Represents the weighted average of sale prices, ranging from $126.41 to $127.36. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price. |
| 3 | Common | Common stock | 2021-08-02 | F | D | 970 | $127.64 | 8,344 | D | — | — | |
| 4 | Common | Common stock | 2021-08-02 | M | A | 2,187 | $0.00 | 9,314 | D | — | — | (F1) Represents the 5% quarterly vesting on August 1, 2021, with a release date of August 2, 2021, the first business day following vesting. The original grant was 43,732 restricted stock units, with 20% vesting on August 1, 2017, and the remaining 80% vesting in equal quarterly amounts over the remaining four years. |
| 5 | Derivative | Restricted Stock Units | 2021-08-02 | M | D | 2,187 | $0.00 | 0 | D | $0.00 · 2017-08-01 to — | 2,187 Common stock | (F6) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F1) Represents the 5% quarterly vesting on August 1, 2021, with a release date of August 2, 2021, the first business day following vesting. The original grant was 43,732 restricted stock units, with 20% vesting on August 1, 2017, and the remaining 80% vesting in equal quarterly amounts over the remaining four years. (F7) Once vested, the shares of common stock are not subject to expiration. |