PTC INC. — Director's Dealing 2016

Nov 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PTC INC. (PTC)
CIK: 0000857005
Period of Report: 2016-11-15

Reporting Person: HEPPELMANN JAMES E (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-15	Common Stock	M	156454	—	Acquired	709635	Direct
2016-11-15	Common Stock	F	73613	$47.53	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-15	Restricted Stock Units	$	M	49232	Disposed		Common Stock (49232)	Direct
2016-11-15	Restricted Stock Units	$	A	14308	Acquired		Common Stock (14308)	Direct
2016-11-15	Restricted Stock Units	$	M	14308	Disposed		Common Stock (14308)	Direct
2016-11-15	Restricted Stock Units	$	M	21356	Disposed		Common Stock (21356)	Direct
2016-11-15	Restricted Stock Units	$	A	45055	Acquired		Common Stock (45055)	Direct
2016-11-15	Restricted Stock Units	$	M	45055	Disposed		Common Stock (45055)	Direct
2016-11-15	Restricted Stock Units	$	M	26503	Disposed		Common Stock (26503)	Direct

Footnotes

F1: Tendered to Issuer to satisfy tax withholding obligations of Reporting Person incurred in connection with the vesting of 156,454 shares of the Reporting Person's restricted stock unit awards on November 15, 2016.

F2: Each restricted stock unit represents a contingent right to receive one share of PTC Inc. common stock.

F3: RSUs awarded on November 11, 2013 that vested in three substantially equal annual installments on November 15, 2014, 2015 and 2016.

F4: Performance-based restricted stock units awarded on November 10, 2014 that may be earned only to the extent the established performance criteria are met for each of the three performance periods ending September 30, 2015, September 30, 2016 and September 30, 2017. The performance measure for the first period was not met and no RSUs were earned. The performance measure for the second performance period was met at 67% and 14,308 RSUs were earned.

F5: Performance-based restricted stock units awarded on November 10, 2014 that may be earned only to the extent the established performance criteria are met for each of the three performance periods ending September 30, 2015, September 30, 2016 and September 30, 2017. The performance measure for the first period was not met and no RSUs were earned. The performance measure for the second performance period was met at 67% and 14,308 RSUs vested.

F6: RSUs awarded on November 10, 2014 that vest in three substantially equal installments on November 15, 2015, 2016 and 2017.

F7: Performance-based restricted stock units awarded on November 2, 2015 that may be earned only to the extent the established performance criteria are met for each of the three performance periods ending September 30, 2016, September 30, 2017 and September 30, 2018. The performance measure for the first period was met at 170% and 45,055 RSUs were earned.

F8: Performance-based restricted stock units awarded on November 2, 2015 that may be earned only to the extent the established performance criteria are met for each of the three performance periods ending September 30, 2016, September 30, 2017 and September 30, 2018. The performance measure for the first period was met at 170% and 45,055 RSUs vested.

F9: RSUs awarded on November 2, 2015 that vest in three substantially equal installments on November 15, 2016, 2017 and 2018.

F10: This amount represents the total number of derivative securities beneficially owned of the class shown.