PEGASYSTEMS INC 4
4 · PEGASYSTEMS INC · Filed Dec 14, 2016
Insider Transaction Report
Form 4
PEGASYSTEMS INCPEGA
KAPLAN STEVEN F
Director
Transactions
- Exercise/Conversion
Common Stock
2016-12-12+1,151→ 60,122 total - Exercise/Conversion
Restricted Stock Units
2016-12-12−1,151→ 1,150 totalExercise: $0.00From: 2016-06-10→ Common Stock (4,603 underlying)
Footnotes (3)
- [F1]Represents 25% vesting on December 10, 2016, with a release date of December 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.