BENTLEY SYSTEMS INC — Director's Dealing 2020

Dec 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BENTLEY SYSTEMS INC (BSY)
CIK: 0001031308
Period of Report: 2020-07-10

Reporting Person: Shaman David R. (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-10	Class B Common Stock	A	1574	$0.00	Acquired	958593	Direct
2020-07-10	Class B Common Stock	A	14952	$0.00	Acquired	973545	Direct
2020-08-07	Class B Common Stock	A	3738	$0.00	Acquired	977283	Direct
2020-09-02	Class B Common Stock	A	58034	$0.00	Acquired	1035317	Direct
2020-09-03	Class B Common Stock	A	1160	$0.00	Acquired	1036477	Direct
2020-12-22	Class B Common Stock	A	508	$0.00	Acquired	1036985	Direct
2020-12-24	Class B Common Stock	M	12597	$3.73	Acquired	1049582	Direct
2020-12-24	Class B Common Stock	F	6143	$39.48	Disposed	1043439	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-24	Stock Options (Right to Buy)	$3.73	M	12597	Disposed	2021-05-10	Class B Common Stock (12597)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	32635	Indirect

Footnotes

F1: Represents a grant of restricted stock that vested upon the consummation of the Issuer's initial public offering.

F2: Represents a grant of restricted stock that vests in four annual increments begining on July 10, 2021.

F3: Represents shares acquired upon vesting of performance-based restricted stock awards previously granted to the Reporting Person.

F4: Represents dividend equivalent rights that accrued to the Reporting Person in connection with a dividend paid by the Issuer on awards previously granted and vest on the same terms as the awards to which they relate.

F5: Represents shares withheld by the Issuer to cover the exercise price and taxes in connection with a cashless exercise of stock options by the Reporting Person.

F6: These options are fully vested.