0001104659-22-112502.txt : 20221028
0001104659-22-112502.hdr.sgml : 20221028
20221028164853
ACCESSION NUMBER: 0001104659-22-112502
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221026
FILED AS OF DATE: 20221028
DATE AS OF CHANGE: 20221028
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BENTLEY GREGORY S
CENTRAL INDEX KEY: 0001214661
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39548
FILM NUMBER: 221342636
MAIL ADDRESS:
STREET 1: C/O BENTLEY SYSTEMS INC
STREET 2: 685 STOCKTON RD
CITY: EXTON
STATE: PA
ZIP: 19341
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BENTLEY SYSTEMS INC
CENTRAL INDEX KEY: 0001031308
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 953936623
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 690 PENNSYLVANIA DR
CITY: EXTON
STATE: PA
ZIP: 19341
4
1
tm2229121-1_4seq1.xml
OWNERSHIP DOCUMENT
X0306
4
2022-10-26
0
0001031308
BENTLEY SYSTEMS INC
BSY
0001214661
BENTLEY GREGORY S
C/O BENTLEY SYSTEMS, INCORPORATED
685 STOCKTON DRIVE
EXTON
PA
19341
1
1
1
0
Chairman, CEO & President
Class B Common Stock
2022-10-26
4
S
0
1668
36.00
D
8634484
D
Class B Common Stock
2022-10-27
4
A
0
98666
35.08
A
8733150
D
Class B Common Stock
2022-10-27
4
S
0
52948
36.0297
D
8680202
D
Class B Common Stock
137512
I
By spouse
Class B Common Stock
92654
I
By 401(K) Plan
As previously disclosed by Bentley Systems, Incorporated ( the "Company"), during the second quarter of 2022 the Company began to exercise its right to require that certain awardees of equity compensation and recipients of distributions from the Company's nonqualified deferred compensation plan receive vested awards and distributions (as applicable) in the form of gross quantities of Company Class B Common Stock (the "Common Stock") and to require such awardees and recipients to promptly reimburse the Company for their tax withholding amounts in cash. Prior to that election, all such vesting and distributions were made on a net basis, with the Company withholding shares of Common Stock in consideration of remitting withholding taxes on behalf of recipients.
Due to a 1,000 character limit, Footnote 2 is a continuation of Footnote 1: Accordingly, in light of this change in practice, the Reporting Person entered into a 10b5-1 trading plan (the "Plan") to sell previously-owned shares of Common Stock for the primary purpose of meeting his current and future tax withholding obligations. All sales reflected on this Form 4 were made pursuant to the Plan.
Represents the stock portion of compensation paid to the Reporting Person pursuant to the Company's Bonus Pool Plan.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on October 27, 2022 at prices ranging from $36.00 to $36.11. The Reporting Person undertakes to provide to Bentley Systems, Incorporated, any security holder of Bentley Systems, Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
/s/ Michael T. Fischette, Attorney-in-Fact
2022-10-28