0001209191-18-017801.txt : 20180307
0001209191-18-017801.hdr.sgml : 20180307
20180307181524
ACCESSION NUMBER: 0001209191-18-017801
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180305
FILED AS OF DATE: 20180307
DATE AS OF CHANGE: 20180307
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: 18674463
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
2018-03-05
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
2018-03-05
4
M
0
1687
20.49
A
3742
D
Common Stock
2018-03-05
4
F
0
912
58.80
D
2830
D
Common Stock
2018-03-05
4
S
0
775
58.85
D
2055
D
Common Stock
2018-03-05
4
M
0
196
20.05
A
2251
D
Common Stock
2018-03-05
4
F
0
105
58.75
D
2146
D
Common Stock
2018-03-05
4
S
0
91
58.75
D
2055
D
Common Stock
2018-03-05
4
M
0
1296
11.05
A
3351
D
Common Stock
2018-03-05
4
F
0
554
58.90
D
2797
D
Common Stock
2018-03-05
4
S
0
742
58.93
D
2055
D
Common Stock
2018-03-06
4
M
0
2250
44.30
A
4305
D
Common Stock
2018-03-06
4
F
0
1833
60.10
D
2472
D
Common Stock
2018-03-06
4
S
0
417
60.12
D
2055
D
Common Stock
2018-03-06
4
S
0
500
60.53
D
1555
D
Restricted Stock Units
0.00
2018-03-05
4
A
0
2558
0.00
A
2019-03-05
Common Stock
2558
2558
D
Stock Options
58.95
2018-03-05
4
A
0
8233
0.00
A
2019-03-05
2028-03-05
Common Stock
8233
8233
D
Restricted Stock Units
0.00
2018-03-05
4
A
0
890
0.00
A
2019-03-05
Common Stock
890
890
D
Stock Options
20.49
2018-03-05
4
M
0
1687
0.00
D
2016-03-02
2025-03-02
Common Stock
1687
6748
D
Stock Options
20.05
2018-03-05
4
M
0
196
0.00
D
2015-03-07
2024-03-07
Common Stock
196
1170
D
Stock Options
11.05
2018-03-05
4
M
0
1296
0.00
D
2013-12-12
2022-12-12
Common Stock
1296
0
D
Stock Options
44.30
2018-03-06
4
M
0
2250
0.00
D
2018-03-02
2027-03-02
Common Stock
2250
9003
D
Represents the exercise price of the Stock Options referenced in Table II and Mr. Kouninis' tax liability, which were paid by way of withholding by Pegasystems Inc. (the "Company") of shares of equal value.
Represents the weighted average of the sale prices on March 5, 2018, ranging from $58.83 to $58.85.
Represents the weighted average of the sale prices on March 6, 2018, ranging from $60.12 to $60.13.
Does not include shares of common stock subject to unvested restricted stock units and options awards.
Each restricted stock unit represents the right to receive, following vesting, one share of the Company's common stock.
RSUs will vest 20% on March 5, 2019, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
Once vested, the shares of common stock are not subject to expiration.
Stock options will vest 20% on March 5, 2019, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
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 5, 2018. All RSUs vest 100% on March 5, 2019, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2018.
Options vested 20% on March 2, 2016, with the remaining 80% vesting in equal quarterly installments over the next four years.
Options vested 20% on March 7, 2015, with the remaining 80% vesting in equal quarterly installments over the next four years.
Options vested 20% on December 12, 2013, with the remaining 80% vesting in equal quarterly installments over the next four years.
Options vest 20% on March 2, 2018, and the remaining 80% vest in equal quarterly installments over the remaining four years.
/s/ Janet Mesrobian, Esq., Attorney-In-Fact for Efstathios Kouninis
2018-03-07