EFSTATHIOS A. KOUNINIS - 14 Jun 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
VP of Finance & CAO
Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Efstathios A. Kouninis
Issuer symbol
PEGA
Transactions as of
14 Jun 2021
Transactions value $
-$54,507
Form type
4
Filing time
16 Jun 2021, 16:46:55 UTC
Previous filing
09 Jun 2021
Next filing
30 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +93 +3.93% $0.00 2.46K 14 Jun 2021 Direct F1
transaction PEGA Common stock Tax liability -$3.02K -23 -0.93% $131.29 2.44K 14 Jun 2021 Direct
transaction PEGA Common stock Options Exercise $12K +478 +19.61% $25.20 2.92K 16 Jun 2021 Direct
transaction PEGA Common stock Tax liability -$24.6K -185 -6.34% $132.95 2.73K 16 Jun 2021 Direct F2
transaction PEGA Common stock Sale -$38.9K -293 -10.73% $132.89 2.44K 16 Jun 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PEGA Restricted Stock Units Options Exercise $0 -93 -50% $0.00 93 14 Jun 2021 Common stock 93 $0.00 Direct F1, F4, F5
transaction PEGA Stock Options Options Exercise $0 -478 -50% $0.00 478 16 Jun 2021 Common stock 478 $25.20 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a 5% vesting on June 12, 2021, with a release date of June 14, 2021, the first business day after vesting. The original grant was 1,856 restricted stock units, with 20% vesting on September 12, 2017, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents the exercise price of the stock options referenced in Table II and Mr. Kouninis'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.
F4 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F5 Once vested, the shares of common stock are not subject to expiration.
F6 Options vested 20% on March 9, 2017, with the remaining 80% vesting in equal quarterly installments over the next four years.