<SEC-DOCUMENT>0001654954-17-010870.txt : 20171117
<SEC-HEADER>0001654954-17-010870.hdr.sgml : 20171117
<ACCEPTANCE-DATETIME>20171117161909
ACCESSION NUMBER:		0001654954-17-010870
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20171115
FILED AS OF DATE:		20171117
DATE AS OF CHANGE:		20171117

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HEPPELMANN JAMES E
		CENTRAL INDEX KEY:			0001186555

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-18059
		FILM NUMBER:		171211184

	MAIL ADDRESS:	
		STREET 1:		C/O PARAMETRIC TECHNOLOGY CORP
		STREET 2:		140 KENDRICK ST.
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PTC INC.
		CENTRAL INDEX KEY:			0000857005
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				042866152
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		140 KENDRICK STREET
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494
		BUSINESS PHONE:		7813705000

	MAIL ADDRESS:	
		STREET 1:		140 KENDRICK STREET
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PARAMETRIC TECHNOLOGY CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>section16.xml
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        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F5"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2017-11-15</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>false</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>64142</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F13"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F13"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>64142</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>64142</value>
                    <footnoteId id="F14"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Tendered to Issuer to satisfy tax withholding obligations of Reporting Person incurred in connection with the vesting of 238,927 shares of the Reporting Person's restricted stock unit awards on November 15, 2017.</footnote>
        <footnote id="F2">Shares sold pursuant to a pre-established 10b5-1(c ) trading plan.</footnote>
        <footnote id="F3">This transaction was executed in multiple trades at prices ranging from $63.56 to $64.545.  The price reported above reflects the weighted average purchase price.  The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.</footnote>
        <footnote id="F4">This transaction was executed in multiple trades at prices ranging from $64.56 to $64.915.  The price reported above reflects the weighted average purchase price.  The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.</footnote>
        <footnote id="F5">Each restricted stock unit represents a contingent right to receive one share of PTC Inc. common stock.</footnote>
        <footnote id="F6">RSUs awarded on November 10, 2014 that vested in three substantially equal annual installments on November 15, 2015, 2016 and 2017.</footnote>
        <footnote id="F7">Performance-based RSUs granted on November 10, 2014 that could be earned only to the extent the established performance criteria were met for the performance period ended September 30, 2017.   The performance measure was met at 100% and 49,759 RSUs were earned and vested.</footnote>
        <footnote id="F8">RSUs granted on November 2, 2015 that vest in three substantially equal installments on November 15, 2016, 2017 and 2018.</footnote>
        <footnote id="F9">Performance-based RSUs granted on November 2, 2015 that could be earned only to the extent the established performance criteria were met for the performance period ended September 30, 2017.   The performance measure was met at 184.31% and 48,845 RSUs were earned and vested.</footnote>
        <footnote id="F10">RSUs granted on October 31, 2016 that vest in three substantially equal installments on November 15, 2017, 2018 and 2019.</footnote>
        <footnote id="F11">Aspirational performance-based RSUs granted on October 31, 2016.  The performance measure was met at 49.2% and 77,781 RSUs were earned.  The RSUs earned vest in three substantially equal installments on November 15, 2017, 2018 and 2019.</footnote>
        <footnote id="F12">Performance-based RSUs granted on October 31, 2016 that could be earned only to the extent the established performance criteria were met for the performance period ended September 30, 2017.   The performance measure was met at 152.53% and 40,190 RSUs were earned and vested.</footnote>
        <footnote id="F13">RSUs awarded on November 15, 2017 that vest in three substantially equal installments on November 15, 2018, 2019 and 2020.</footnote>
        <footnote id="F14">This amount represents the total number of derivative securities beneficially owned of the class shown.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/Deanna Osganian by power of attorney filed 5/2/2017</signatureName>
        <signatureDate>2017-11-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
