Sec Form 4 Filing - KOUNINIS EFSTATHIOS A @ PEGASYSTEMS INC - 2020-08-13

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
KOUNINIS EFSTATHIOS A
2. Issuer Name and Ticker or Trading Symbol
PEGASYSTEMS INC [ PEGA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP of Finance & CAO
(Last) (First) (Middle)
C/O PEGASYSTEMS INC., ONE ROGERS STREET
3. Date of Earliest Transaction (MM/DD/YY)
08/13/2020
(Street)
CAMBRIDGE, MA02142
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/13/2020 S 280 D $ 118 2 D
Common Stock 08/17/2020 M 1,000 A $ 44.3 1,002 D
Common Stock 08/17/2020 F 558 D $ 118.5 ( 1 ) 444 D
Common Stock 08/17/2020 S 442 D $ 118.5 2 ( 2 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options $ 44.3 08/17/2020 M 1,000 03/02/2018( 3 ) 03/02/2027 Common Stock 1,000 $ 0 7,003 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KOUNINIS EFSTATHIOS A
C/O PEGASYSTEMS INC.
ONE ROGERS STREET
CAMBRIDGE, MA02142
VP of Finance & CAO
Signatures
/s/ Donald L. Lancaster, Attorney-in-Fact for Efstathios A. Kouninis 08/17/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the exercise price of the stock options referenced in Table II and Mr. Kouninis's tax liability, which were paid by way of the Company withholding shares of equal value.
( 2 )Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
( 3 )Options vested 20% on March 2, 2018, with the remaining 80% vesting in equal quarterly installments over the next four years.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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