PEGASYSTEMS INC

Ticker: PEGA CUSIP: 705573103 Class: Common Stock

THORNBURG INVESTMENT MANAGEMENT INC's Holding History (CIK: 0001145020)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 489,540 Value ($000) $10,168 Avg Close $10.24 Range $9.23 - $10.97

Q2 2014

Shares 354,892 Value ($000) $7,495 Avg Close $9.56 Range $7.75 - $10.89

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	489,540	$10,168	$10.24	$9.23 - $10.97
Q2 2014	354,892	$7,495	$9.56	$7.75 - $10.89