Form 4 for PEGA PEGASYSTEMS INC
Accepted 2022-03-09 00:00:00 ET · period of report 2022-03-07 · accession 0001013857-22-000071 · 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 | 2022-03-09 | 2022-03-07+ | PEGA | PYLE MICHAEL R | Chief Technology Strategist | M - OptEx | $22.42 | +54.2K | 47.1K | New | +$1.22M |
| DM | 2022-03-09 | 2022-03-07+ | PEGA | PYLE MICHAEL R | Chief Technology Strategist | F - Tax | $79.09 | -31.2K | 23.6K | -57% | -$2.47M |
| DM | 2022-03-09 | 2022-03-07+ | PEGA | PYLE MICHAEL R | Chief Technology Strategist | M - OptEx | $0.00 | -54.2K | 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 | 2022-03-07 | M | A | 311 | $0.00 | 9,762 | D | — | — | (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. |
| 2 | Common | Common stock | 2022-03-08 | F | D | 14,609 | $79.08 | 32,475 | D | — | — | (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. (F3) Does not include shares of common stock subject to unvested restricted stock units and/or options awards. |
| 3 | Common | Common stock | 2022-03-07 | F | D | 92 | $82.21 | 9,670 | D | — | — | |
| 4 | Common | Common stock | 2022-03-08 | M | A | 30,365 | $20.49 | 40,035 | D | — | — | |
| 5 | Common | Common stock | 2022-03-08 | F | D | 16,481 | $79.08 | 23,554 | D | — | — | (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. |
| 6 | Common | Common stock | 2022-03-08 | M | A | 23,530 | $25.20 | 47,084 | D | — | — | |
| 7 | Derivative | Restricted Stock Units | 2022-03-07 | M | D | 311 | $0.00 | 1,248 | D | $0.00 · 2020-03-06 to — | 311 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 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. (F5) Once vested, the shares of common stock are not subject to expiration. |
| 8 | Derivative | Stock Options | 2022-03-08 | M | D | 30,365 | $0.00 | 0 | D | $20.49 · 2016-03-02 to 2025-03-02 | 30,365 Common stock | (F6) Options vested 20% on March 2, 2016, with the remaining 80% vesting in equal quarterly installments over the next four years. |
| 9 | Derivative | Stock Options | 2022-03-08 | M | D | 23,530 | $0.00 | 0 | D | $25.20 · 2017-03-09 to 2026-03-09 | 23,530 Common stock | (F7) Options vested 20% on March 9, 2017, with the remaining 80% vesting in equal quarterly installments over the next four years. |