PEGASYSTEMS INC 4
4 · PEGASYSTEMS INC · Filed Jun 23, 2017
Insider Transaction Report
Form 4
PEGASYSTEMS INCPEGA
KAPLAN STEVEN F
Director
Transactions
- Exercise/Conversion
Common Stock
2017-06-21$59.86/sh+523$31,307→ 61,795 total - Exercise/Conversion
Restricted Stock Units
2017-06-21+2,089→ 2,089 totalExercise: $0.00From: 2017-06-21→ Common Stock (2,089 underlying) - Exercise/Conversion
Restricted Stock Units
2017-06-21−523→ 1,566 totalExercise: $0.00From: 2017-06-21→ Common Stock (2,089 underlying)
Footnotes (4)
- [F1]Represents 25% vesting on June 21, 2017. Original grant was 2,089 restricted stock units, with 25% vesting immediately on June 21, 2017, 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]Represents a grant of 2,089 restricted stock units on June 21, 2017, in consideration for Mr. Kaplan's service as a member of the Company's Board of Directors. These restricted stock units will vest in equal quarterly amounts over the next three quarters, with the first 25% vesting immediately.
- [F4]Once vested, the shares of common stock are not subject to expiration.