PTC INC. — Director's Dealing 2019

Nov 19, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PTC INC. (PTC)
CIK: 0000857005
Period of Report: 2019-11-15

Reporting Person: Cohen Matthew Lessner (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-15	Common Stock	A	4611	—	Acquired	30283	Direct
2019-11-15	Common Shares	F	2048	$74.09	Disposed	28235	Direct
2019-11-15	Common Stock	M	29964	—	Acquired	58199	Direct
2019-11-15	Common Stock	F	12018	$74.0900	Disposed	46181	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-15	Restricted Stock Units	$	M	5445	Disposed		Common Stock (5445)	Direct
2019-11-15	Restricted Stock Units	$	M	2678	Disposed		Common Stock (2678)	Direct
2019-11-15	Restricted Stock Units	$	A	4881	Acquired		Common Stock (4881)	Direct
2019-11-15	Restricted Stock Units	$	M	4881	Disposed		Common Stock (4881)	Direct
2019-11-15	Restricted Stock Units	$	M	5215	Disposed		Common Stock (5215)	Direct
2019-11-15	Restricted Stock Units	$	A	3219	Acquired		Common Stock (3219)	Direct
2019-11-15	Restricted Stock Units	$	M	3219	Disposed		Common Stock (3219)	Direct
2019-11-15	Restricted Stock Units	$	A	3174	Acquired		Common Stock (3174)	Direct
2019-11-15	Restricted Stock Units	$	M	3174	Disposed		Common Stock (3174)	Direct
2019-11-15	Restricted Stock Units	$	M	5352	Disposed		Common Stock (5352)	Direct

Footnotes

F1: Bonus shares acquired upon satisfaction of performance conditions for FY 2019.

F2: Tendered to Issuer to satisfy tax withholding obligations of the Reporting Person incurred in connection with the vesting of the Reporting Person's restricted stock unit awards

F3: Each restricted stock unit represents a contingent right to receive one share of PTC Inc. common stock.

F4: RSUs granted on October 31, 2016 that vest in three substantially equal installments on November 15, 2017, 2018 and 2019.

F5: Aspirational performance-based RSUs granted on October 31, 2016 that could be earned only to the extent the established performance measure was met for the period ended September 30, 2017. The performance measure was met at 49.2% and 16,336 RSU's were earned. The RSU's earned vested in three substantially equal installments on November 15, 2017, 2018 and 2019.

F6: Performance-based RSUs granted on October 31, 2016 that could be earned only to the extent the established performance measure was met for the performance period ended September 30, 2019. The performance measure was met at 89.66% and 4,881 RSUs were earned and vested.

F7: RSUs granted on November 15, 2017 that vest in three substantially equal installments on November 15, 2018, 2019 and 2020.

F8: Performance-based RSUs granted on November 15, 2017 that could be earned only to the extent the established performance measure was met for the performance period ended September 30, 2019. The performance measure was met at 61.73% and 3,219 RSUs were earned and vested.

F9: Performance-based RSUs granted on November 14, 2018 and February 4, 2019 that could be earned only to the extent the established performance measure was met for the performance period ended September 30, 2019. The performance measure was met at 59.33% and 3,174 RSUs were earned and vested.

F10: RSUs granted on November 14, 2018 and February 4, 2019 that vest in three substantially equal installments on November 15, 2019, 2020 and 2021.

F11: This amount represents the total number of derivative securities beneficially owned of the class shown.