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