0001013857-21-000052.txt : 20210304
0001013857-21-000052.hdr.sgml : 20210304
20210304174710
ACCESSION NUMBER: 0001013857-21-000052
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210302
FILED AS OF DATE: 20210304
DATE AS OF CHANGE: 20210304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PYLE MICHAEL R
CENTRAL INDEX KEY: 0001222579
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11859
FILM NUMBER: 21715581
MAIL ADDRESS:
STREET 1: C/O PEGASYSTEMS INC
STREET 2: 101 MAIN STREET
CITY: CAMBRIGE
STATE: MA
ZIP: 02142
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PEGASYSTEMS INC
CENTRAL INDEX KEY: 0001013857
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
IRS NUMBER: 042787865
STATE OF INCORPORATION: MA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE ROGERS STREET
CITY: CAMBRIDGE
STATE: MA
ZIP: 02142-1209
BUSINESS PHONE: 6173749600
MAIL ADDRESS:
STREET 1: ONE ROGERS STREET
CITY: CAMBRIDGE
STATE: MA
ZIP: 02142-1209
4
1
wf-form4_161489801535089.xml
FORM 4
X0306
4
2021-03-02
0
0001013857
PEGASYSTEMS INC
PEGA
0001222579
PYLE MICHAEL R
C/O PEGASYSTEMS INC. ONE ROGERS STREET
CAMBRIDGE
MA
02142
0
1
0
0
Senior VP, Engineering
Common stock
2021-03-03
4
M
0
1571
0
A
12940
D
Common stock
2021-03-03
4
F
0
484
130.45
D
12456
D
Common stock
2021-03-03
4
M
0
1113
0
A
13569
D
Common stock
2021-03-03
4
F
0
327
130.45
D
13242
D
Restricted Stock Units
0.0
2021-03-02
4
A
0
1084
0
A
2022-03-02
Common stock
1084.0
1084
D
Restricted Stock Units
0.0
2021-03-02
4
A
0
2304
0
A
2022-03-02
Common stock
2304.0
2304
D
Stock Options
130.45
2021-03-02
4
A
0
8499
0
A
2022-03-02
2031-03-02
Common stock
8499.0
8499
D
Restricted Stock Units
0.0
2021-03-03
4
M
0
1571
0
D
2021-03-03
Common stock
1571.0
0
D
Restricted Stock Units
0.0
2021-03-03
4
M
0
1113
0
D
2021-03-03
Common stock
1113.0
2228
D
Represents 100% vesting on March 3, 2021. The original grant was 1,571 restricted stock units, which were granted on March 3, 2020. As part of the Company's 2020 Corporate Incentive Compensation Plan(CICP), Mr. Pyle elected to receive half of his annual bonus in RSUs.
Represents a one-third vesting on March 3, 2021. The original grant was 3,341 restricted stock units. The remaining two-thirds will vest in equal installments on March 3, 2022 and March 3, 2023.
Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
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 2, 2021. All RSUs vest 100% on March 2, 2022, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2021.
Once vested, the shares of common stock are not subject to expiration.
One-third of the RSUs will vest on March 2, 2022, with the remaining two-thirds vesting on March 2, 2023, and March 2, 2024.
One-third of the options will vest on March 2, 2022, with the remaining two-thirds vesting on March 2, 2023, and March 2, 2024.
/s/ Donald L. Lancaster, Attorney-in-Fact for Michael R. Pyle
2021-03-04