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OMB APPROVAL
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- ------ OMB Number: 3235-0287
FORM 4 Expires: September 30, 1998
- ------ Estimated average burden
hours per response .... 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
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<S> <C> <C> <C> <C> <C> <C>
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticket or Trading Symbol 6. Relationship of Reporting Person(s)to
Pegasus Systems, Inc. (PEGS) Issuer (Check all Applicable)
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
Number of Reporting Month/Year X Officer (give Other (specify
Lush, William S. Person (voluntary) February, 1998 ---- title below) --- below)
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(Street) 5. If Amendment, Vice President, Business Development
Date of Original -------------------------------------
3811 Turtle Creek Blvd., Suite 1100 (Month/Year) 7. Individual or Joint/Group Filing
(Check Applicable Line)
---- Form filed by One Reporting
Person
---- Form filed by More than One
Reporting Person
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(City) (State) (Zip) (Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Dallas, Texas 75219-4419
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock 2/9/98 M 3,000 A $ 3.105 0 D N/A
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Common Stock 2/9/98 S 3,000 D $17.875 0 D N/A
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Page 1 of 2
* If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (7-96)
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FORM 4 (continued) TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Employee Stock Option $3.105 2/9/98 M 3,000 9/15/97 12/31/06 Common 3,000
Stock
(Right to Buy)
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<S> <C> <C>
9. Number of 10. Ownership 11. Nature of
derivative Form of Indirect
Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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0 D N/A
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Explanation of Responses:
*Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ [ILLEGIBLE] 3/10/98
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
*Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not Page 2 of 2
required to respond unless the form displays a currently valid OMB number. SEC 1474 (7-96)
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