Form 4 for PEGA PEGASYSTEMS INC
Accepted 2022-03-08 00:00:00 ET · period of report 2022-03-01 · accession 0001013857-22-000067 · 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 | 2022-03-08 | 2022-03-01 | PEGA | Higgins John Gerard | Chief, Client, Partner Success | M - OptEx | $0.00 | +829 | 1,256 | +194% | $0 |
| DM | 2022-03-08 | 2022-03-01 | PEGA | Higgins John Gerard | Chief, Client, Partner Success | F - Tax | $87.12 | -464 | 1,160 | -29% | -$40.4K |
| DM | 2022-03-08 | 2022-03-01 | PEGA | Higgins John Gerard | Chief, Client, Partner Success | A - Grant | $0.00 | +43.9K | 32.3K | New | $0 |
| DM | 2022-03-08 | 2022-03-01 | PEGA | Higgins John Gerard | Chief, Client, Partner Success | M - OptEx | $0.00 | -829 | 7,363 | -10% | $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 | 2022-03-01 | M | A | 368 | $0.00 | 1,366 | D | — | — | (F2) Represents a 20% vesting on March 1, 2022. The original grant was 1,842 restricted stock units, with the remaining 80% will vest in 5% equal quarterly installments over the remaining four years. |
| 2 | Common | Common stock | 2022-03-01 | F | D | 258 | $87.12 | 998 | D | — | — | |
| 3 | Common | Common stock | 2022-03-01 | F | D | 206 | $87.12 | 1,160 | D | — | — | (F3) Does not include shares of common stock subject to unvested restricted stock units and/or options awards. |
| 4 | Common | Common stock | 2022-03-01 | M | A | 461 | $0.00 | 1,256 | D | — | — | (F1) Represents a 5% vesting on March 1, 2022. The original grant was 9,207 restricted stock units with 5% vesting on June 1, 2021, and the remaining 95% vesting in 5% quarterly installments. |
| 5 | Derivative | Restricted Stock Units | 2022-03-01 | A | A | 1,294 | $0.00 | 1,294 | D | $0.00 · 2023-03-01 to — | 1,294 Common stock | (F4) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F5) 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 1, 2022. All RSUs vest 100% on March 1, 2023, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2022. (F6) Once vested, the shares of common stock are not subject to expiration. |
| 6 | Derivative | Restricted Stock Units | 2022-03-01 | A | A | 10,285 | $0.00 | 10,285 | D | $0.00 · 2023-03-01 to — | 10,285 Common stock | (F4) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F7) RSUs will vest 20% on March 1, 2023, with the remaining 80% vesting in equal quarterly amounts over the remaining four years. (F6) Once vested, the shares of common stock are not subject to expiration. |
| 7 | Derivative | Restricted Stock Units | 2022-03-01 | M | D | 368 | $0.00 | 1,474 | D | $0.00 · 2022-03-01 to — | 368 Common stock | (F4) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F2) Represents a 20% vesting on March 1, 2022. The original grant was 1,842 restricted stock units, with the remaining 80% will vest in 5% equal quarterly installments over the remaining four years. (F6) Once vested, the shares of common stock are not subject to expiration. |
| 8 | Derivative | Restricted Stock Units | 2022-03-01 | M | D | 461 | $0.00 | 7,363 | D | $0.00 · 2021-06-01 to — | 461 Common stock | (F4) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F1) Represents a 5% vesting on March 1, 2022. The original grant was 9,207 restricted stock units with 5% vesting on June 1, 2021, and the remaining 95% vesting in 5% quarterly installments. (F6) Once vested, the shares of common stock are not subject to expiration. |
| 9 | Derivative | Stock Options | 2022-03-01 | A | A | 32,312 | $0.00 | 32,312 | D | $85.40 · 2023-03-01 to 2032-03-01 | 32,312 Common stock | (F8) Options will vest 20% on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years. |