X0306 4 2014-12-01 0 0001013857 PEGASYSTEMS INC PEGA 0001237268 KRA DOUGLAS I C/O PEGASYSTEMS INC. 1 ROGERS STREET CAMBRIDGE MA 02142 0 1 0 0 Senior VP, Pega Consulting Common Stock 2014-12-01 4 M 0 70 0.00 A 27473 D Common Stock 2014-12-01 4 F 0 23 20.92 D 27450 D Restricted Stock Units 0.00 2014-12-01 4 M 0 70 0.00 D 2011-03-01 Common Stock 1400 70 D Represents 5% quarterly vesting on December 1, 2014. Original grant was 1,400 RSUs with 20% vesting on March 1, 2011 and the remaining 80% vesting in equal quarterly installments over the remaining four years. Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock. Once vested, shares of common stock are not subject to expiration. /s/ Janet Mesrobian, as Attorney-in-Fact for Douglas Kra 2014-12-03