0001013857-22-000051.txt : 20220303
0001013857-22-000051.hdr.sgml : 20220303
20220303184959
ACCESSION NUMBER: 0001013857-22-000051
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220301
FILED AS OF DATE: 20220303
DATE AS OF CHANGE: 20220303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KOUNINIS EFSTATHIOS A
CENTRAL INDEX KEY: 0001353196
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11859
FILM NUMBER: 22711166
MAIL ADDRESS:
STREET 1: 26 GRANDVIEW DRIVE
CITY: DOVER
STATE: NH
ZIP: 03820
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 MAIN STREET
CITY: CAMBRIDGE
STATE: MA
ZIP: 02142-1531
BUSINESS PHONE: 6173749600
MAIL ADDRESS:
STREET 1: ONE MAIN STREET
CITY: CAMBRIDGE
STATE: MA
ZIP: 02142-1531
4
1
wf-form4_164635138102175.xml
FORM 4
X0306
4
2022-03-01
0
0001013857
PEGASYSTEMS INC
PEGA
0001353196
KOUNINIS EFSTATHIOS A
C/O PEGASYSTEMS INC.
ONE MAIN STREET
CAMBRIDGE
MA
02142
0
1
0
0
VP of Finance & CAO
Common stock
2022-03-02
4
M
0
171
0
A
2142
D
Common stock
2022-03-02
4
F
0
51
85.40
D
2091
D
Common stock
2022-03-02
4
M
0
461
0
A
2552
D
Common stock
2022-03-02
4
F
0
137
85.40
D
2415
D
Common stock
2022-03-02
4
M
0
211
0
A
2626
D
Common stock
2022-03-02
4
F
0
63
85.40
D
2563
D
Common stock
2022-03-03
4
M
0
76
0
A
2639
D
Common stock
2022-03-03
4
F
0
23
85.99
D
2616
D
Restricted Stock Units
0.0
2022-03-01
4
A
0
704
0
A
2023-03-01
Common stock
704.0
704
D
Restricted Stock Units
0.0
2022-03-01
4
A
0
2057
0
A
2023-03-01
Common stock
2057.0
2057
D
Stock Options
85.4
2022-03-01
4
A
0
6463
0
A
2023-03-01
2032-03-01
Common stock
6463.0
6463
D
Restricted Stock Units
0.0
2022-03-02
4
M
0
171
0
D
2018-03-02
Common stock
171.0
0
D
Restricted Stock Units
0.0
2022-03-02
4
M
0
461
0
D
2022-03-02
Common stock
461.0
0
D
Restricted Stock Units
0.0
2022-03-02
4
M
0
211
0
D
2022-03-02
Common stock
211.0
846
D
Restricted Stock Units
0.0
2022-03-03
4
M
0
76
0
D
2021-03-03
Common stock
76.0
920
D
Represents a 5% vesting on March 2, 2022. The original grant was 3,410 restricted stock units, with 20% vesting on March 2, 2018, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
Represents 100% vesting on March 2, 2022. The original grant was 461 restricted stock units, which were granted on March 2, 2021. As part of the Company's 2021 Corporate Incentive Compensation Plan (CICP), Mr. Kouninis elected to receive half of his annual bonus in RSUs.
Represents a 20% vesting on March 2, 2022. The original grant was 1,057 restricted stock units, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
Represents a 5% vesting on March 3, 2022. The original grant was 1,533 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
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 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.
Once vested, the shares of common stock are not subject to expiration.
RSUs will vest 20% on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
Options will vest 20% on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
/s/ Jenna L. Burstyn, Attorney-in-Fact for Efstathios A. Kouninis
2022-03-03