PEGASYSTEMS INC 4
4 · PEGASYSTEMS INC · Filed Sep 13, 2016
Insider Transaction Report
Form 4
PEGASYSTEMS INCPEGA
KAPLAN STEVEN F
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2016-09-12−1,151→ 2,301 totalExercise: $0.00From: 2016-06-10→ Common Stock (4,603 underlying) - Exercise/Conversion
Common Stock
2016-09-12+1,151→ 58,971 total
Footnotes (3)
- [F1]Represents 25% vesting on September 10, 2016, with a release date of September 12, 2016, the first business day following the vesting. Original grant was 4,603 restricted stock units, with 25% vesting immediately on June 10, 2016, and the remaining 75% vesting in equal quarterly installments over the remaining three quarters thereafter.
- [F2]Each restricted stock unit represents the right to receive, following vesting, one share of Pegasystems Inc.'s common stock.
- [F3]Once vested, the shares of common stock are not subject to expiration.