0001209191-19-018205.txt : 20190308
0001209191-19-018205.hdr.sgml : 20190308
20190308171925
ACCESSION NUMBER: 0001209191-19-018205
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190306
FILED AS OF DATE: 20190308
DATE AS OF CHANGE: 20190308
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: STILLWELL KENNETH
CENTRAL INDEX KEY: 0001680115
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11859
FILM NUMBER: 19670086
MAIL ADDRESS:
STREET 1: ONE ROGERS STREET
CITY: CAMBRDIGE
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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-03-06
0
0001013857
PEGASYSTEMS INC
PEGA
0001680115
STILLWELL KENNETH
C/O PEGASYSTEMS INC
ONE ROGERS STREET
CAMBRIDGE
MA
02142
0
1
0
0
CFO, SVP
Common Stock
2019-03-08
4
S
0
5000
63.96
D
8169
D
Restricted Stock Units
0.00
2019-03-06
4
A
0
8586
0.00
A
2020-03-06
Common Stock
8586
8586
D
Stock Options
64.35
2019-03-06
4
A
0
29240
0.00
A
2020-03-06
2029-03-06
Common Stock
29240
29240
D
Restricted Stock Units
0.00
2019-03-06
4
A
0
2650
0.00
A
2020-03-06
Common Stock
2650
2650
D
Represents the weighted average of the sale prices, ranging from $63.90 to $64.00. The individual has provided the Company, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
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.
RSUs will vest 20% on March 6, 2020, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
Once vested, the shares of common stock are not subject to expiration.
Options will vest 20% on March 6, 2020, with the remaining 80% vesting 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 6, 2019. All RSUs vest 100% on March 6, 2020, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2019.
/s/ Janet Mesrobian, Esq., Attorney-in-Fact for Kenneth Stillwell
2019-03-08