Kenneth Stillwell - Aug 2, 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
COO, CFO
Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Kenneth Stillwell
Stock symbol
PEGA
Transactions as of
Aug 2, 2021
Transactions value $
-$250,969
Form type
4
Date filed
8/4/2021, 04:35 PM
Previous filing
Jul 6, 2021
Next filing
Aug 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +2.19K +30.69% $0.00 9.31K Aug 2, 2021 Direct F1
transaction PEGA Common stock Tax liability -$124K -970 -10.41% $127.64 8.34K Aug 2, 2021 Direct
transaction PEGA Common stock Sale -$76.1K -600 -7.19% $126.79 7.74K Aug 2, 2021 Direct F2, F3
transaction PEGA Common stock Sale -$51.1K -400 -5.17% $127.71 7.34K Aug 2, 2021 Direct F2, F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PEGA Restricted Stock Units Options Exercise $0 -2.19K -100% $0.00* 0 Aug 2, 2021 Common stock 2.19K $0.00 Direct F1, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the 5% quarterly vesting on August 1, 2021, with a release date of August 2, 2021, the first business day following vesting. The original grant was 43,732 restricted stock units, with 20% vesting on August 1, 2017, and the remaining 80% vesting in equal quarterly amounts over the remaining four years.
F2 Sold pursuant to a pre-arranged trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F3 Represents the weighted average of sale prices, ranging from $126.41 to $127.36. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
F4 Represents the weighted average of sale prices, ranging from $127.53 to $128.16. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
F5 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F6 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F7 Once vested, the shares of common stock are not subject to expiration.