Kenneth Stillwell - Nov 4, 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
Nov 4, 2021
Transactions value $
-$80,425
Form type
4
Date filed
11/8/2021, 03:38 PM
Previous filing
Nov 2, 2021
Next filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $20.8K +469 +5.99% $44.30 8.3K Nov 4, 2021 Direct
transaction PEGA Common stock Tax liability -$35K -289 -3.48% $120.99 8.01K Nov 4, 2021 Direct F1
transaction PEGA Common stock Options Exercise $80.9K +1.37K +17.15% $58.95 9.38K Nov 4, 2021 Direct
transaction PEGA Common stock Tax liability -$115K -947 -10.1% $120.99 8.43K Nov 4, 2021 Direct F1
transaction PEGA Common stock Options Exercise $94.1K +1.46K +17.34% $64.35 9.89K Nov 4, 2021 Direct
transaction PEGA Common stock Tax liability -$127K -1.05K -10.58% $120.99 8.85K Nov 4, 2021 Direct F1, F2

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 Stock Options Options Exercise $0 -469 -33.33% $0.00 938 Nov 4, 2021 Common stock 469 $44.30 Direct F3
transaction PEGA Stock Options Options Exercise $0 -1.37K -14.29% $0.00 8.23K Nov 4, 2021 Common stock 1.37K $58.95 Direct F4
transaction PEGA Stock Options Options Exercise $0 -1.46K -9.09% $0.00 14.6K Nov 4, 2021 Common stock 1.46K $64.35 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise price of the stock options referenced in Table II and Mr. Stillwell's tax liability, which were paid by way of the Company withholding shares of equal value.
F2 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F3 Options vested 20% on March 2, 2018, with the remaining 80% vesting in equal quarterly amounts over the next four years.
F4 Options vested 20% on March 5, 2019, with the remaining 80% vesting in equal quarterly amounts over the next four years.
F5 Options vested 20% on March 6, 2020, with the remaining 80% vesting in equal quarterly amounts over the next four years.