0001209191-20-016733.txt : 20200305
0001209191-20-016733.hdr.sgml : 20200305
20200305182221
ACCESSION NUMBER: 0001209191-20-016733
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: STILLWELL KENNETH
CENTRAL INDEX KEY: 0001680115
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11859
FILM NUMBER: 20692042
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
2020-03-03
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
2020-03-05
4
M
0
426
0.00
A
9899
D
Common Stock
2020-03-05
4
F
0
147
91.86
D
9752
D
Restricted Stock Units
0.00
2020-03-03
4
A
0
2107
0.00
A
2021-03-03
Common Stock
2107
2107
D
Restricted Stock Units
0.00
2020-03-03
4
A
0
13931
0.00
A
2021-03-03
Common Stock
13931
13931
D
Stock Options
90.05
2020-03-03
4
A
0
55213
0.00
A
2021-03-03
2030-03-03
Common Stock
55213
55213
D
Restricted Stock Units
0.00
2020-03-05
4
M
0
426
0.00
D
2019-03-05
Common Stock
426
5115
D
Represents 5% vesting on March 5, 2020. The original grant was 8,524 restricted stock units, with 20% vesting on March 5, 2019, 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 3, 2020. All RSUs vest 100% on March 3, 2020, subject to 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 installment over the remaining four years.
Options will vest 20% on March 3, 2021, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
/s/ Janet Mesrobian, Esq., Attorney-in-Fact for Kenneth Stillwell
2020-03-05