0001209191-20-016720.txt : 20200305
0001209191-20-016720.hdr.sgml : 20200305
20200305175226
ACCESSION NUMBER: 0001209191-20-016720
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200303
FILED AS OF DATE: 20200305
DATE AS OF CHANGE: 20200305
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: 20691952
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 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
2020-03-03
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
2020-03-05
4
M
0
128
0.00
A
441
D
Common Stock
2020-03-05
4
F
0
45
91.86
D
396
D
Restricted Stock Units
0.00
2020-03-03
4
A
0
642
0.00
A
2021-03-03
Common Stock
642
642
D
Restricted Stock Units
0.00
2020-03-03
4
A
0
1533
0.00
A
2021-03-03
Common Stock
1533
1533
D
Stock Options
90.05
2020-03-03
4
A
0
6074
0.00
A
2021-03-03
2030-03-03
Common Stock
6074
6074
D
Restricted Stock Units
0.00
2020-03-05
4
M
0
128
0.00
D
2019-03-05
Common Stock
128
1535
D
Represents 5% vesting on March 5, 2020. The original grant was 2,558 restricted stock units, with 20% vesting on March 5, 2019, and 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, on 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 3, 2020. All RSUs vest 100% on March 3, 2021, subject to the attainment of the CICP performance threshold funding for the year ending December 31, 2020.
Once vested, the shares of common stock are not subject to expiration.
RSUs will vest 20% on March 3, 2021, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
Options will vest 20% on March 3, 2021, with the remaining 80% in equal quarterly installments over the remaining four years.
/s/ Janet Mesrobian, Esq., Attorney-in-Fact for Efstathios A. Kouninis
2020-03-05