<SUBMISSION>
<ACCESSION-NUMBER>0001222573-03-000019
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20031202
<FILING-DATE>20031203
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>FRISCIA JOSEPH J
<CIK>0001222573
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<FILING-VALUES>
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<ACT>34
<FILE-NUMBER>001-11859
<FILM-NUMBER>031034729
</FILING-VALUES>
<MAIL-ADDRESS>
<STREET1>C/O PEGASYSTEMS INC
<STREET2>101 MAIN STREET
<CITY>CAMBRIDGE
<STATE>MA
<ZIP>02142
</MAIL-ADDRESS>
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<CONFORMED-NAME>PEGASYSTEMS INC
<CIK>0001013857
<ASSIGNED-SIC>7374
<IRS-NUMBER>042787865
<STATE-OF-INCORPORATION>MA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<BUSINESS-ADDRESS>
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<CITY>CAMBRIDGE
<STATE>MA
<ZIP>02142-1590
<PHONE>6173749600
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<CITY>CAMBRIDGE
<STATE>MA
<ZIP>02142-1590
</MAIL-ADDRESS>
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<DOCUMENT>
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<SEQUENCE>1
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    <remarks>1. 7,650 shares of common stock were exercised from a total of 18,750 shares of common stock of which 11,100 have already been exercised. The shares were granted on March 8, 2001 and vest in five equal installments beginning from the date of issue.</remarks>

    <ownerSignature>
        <signatureName>June M. Morris, Esq. Attorney-in-Fact for Joseph J. Friscia</signatureName>
        <signatureDate>2003-12-03</signatureDate>
    </ownerSignature>

</ownershipDocument>

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</SUBMISSION>
