0001209191-17-018401.txt : 20170306
0001209191-17-018401.hdr.sgml : 20170306
20170306171623
ACCESSION NUMBER: 0001209191-17-018401
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170302
FILED AS OF DATE: 20170306
DATE AS OF CHANGE: 20170306
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
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: 17668817
MAIL ADDRESS:
STREET 1: 26 GRANDVIEW DRIVE
CITY: DOVER
STATE: NH
ZIP: 03820
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2017-03-02
0
0001013857
PEGASYSTEMS INC
PEGA
0001353196
KOUNINIS EFSTATHIOS A
C/O PEGASYSTEMS INC.
1 ROGERS STREET
CAMBRIDGE
MA
02142
0
1
0
0
VP of Finance & CAO
Common Stock
2017-03-02
4
M
0
309
0.00
A
349
D
Common Stock
2017-03-02
4
F
0
117
45.20
D
232
D
Common Stock
2017-03-02
4
S
0
232
44.50
D
0
D
Common Stock
2017-03-02
4
M
0
844
0.00
A
844
D
Common Stock
2017-03-02
4
F
0
560
44.65
D
284
D
Common Stock
2017-03-02
4
S
0
284
44.62
D
0
D
Restricted Stock Units
0.00
2017-03-02
4
M
0
309
0.00
D
2016-03-02
Common Stock
6192
3716
D
Stock Options
20.49
2017-03-02
4
M
0
844
0.00
D
2016-03-02
2025-03-02
Common Stock
16870
10122
D
Restricted Stock Units
0.00
2017-03-02
4
A
0
3410
0.00
A
2018-03-02
Common Stock
3410
3410
D
Stock Options
44.30
2017-03-02
4
A
0
11253
0.00
A
2018-03-02
2027-03-02
Common Stock
11253
11253
D
Restricted Stock Units
0.00
2017-03-02
4
A
0
1140
0.00
A
2018-03-02
Common Stock
1140
1140
D
Represents 5% vesting on March 2, 2017. The original grant was 6,192 restricted stock units, with 20% vesting on March 2, 2016, and the remaining 80% vesting in equal quarterly installments over the remaining 4 years.
Represents the exercise price of the Stock Options referenced in Table II and Mr. Kouninis' tax liability, which were paid by way of withholding by the Company of shares of equal value.
Represents the weighted average of the sale prices on March 2, 2017, ranging from $44.60 to $44.65.
Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
Once vested, the shares of common stock are not subject to expiration.
RSUs vest 20% on March 2, 2018, and the remaining 80% vest in equal quarterly installments over the remaining four years.
Options vest 20% on March 2, 2018, and the remaining 80% vest in equal quarterly installments over the remaining four years.
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, 2017. All RSUs vest 100% on March 2, 2018, subject to attainment of the CICP performance threshold for the year ending December 31, 2017.
/s/ Janet Mesrobian, Esq., Attorney-In-Fact for Efstathios Kouninis
2017-03-06