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