4//SEC Filing
Sherry Steven P. 4
Accession 0001721294-20-000003
CIK 0001528396other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 6:00 PM ET
Size
27.9 KB
Accession
0001721294-20-000003
Insider Transaction Report
Form 4
Sherry Steven P.
Chief Sales Officer
Transactions
- Sale
Common Stock
2020-06-16$106.44/sh−1,427$151,888→ 3,041 total - Exercise/Conversion
Performance Shares
2020-06-15−291→ 3,906 totalExercise: $0.00Exp: 2027-09-12→ Common Stock (291 underlying) - Exercise/Conversion
Performance Shares
2020-06-15−359→ 5,990 totalExercise: $0.00Exp: 2028-09-12→ Common Stock (359 underlying) - Exercise/Conversion
Common Stock
2020-06-15+4,468→ 4,468 total - Exercise/Conversion
Restricted Stock Unit
2020-06-15−312→ 3,438 totalExercise: $0.00Exp: 2029-03-07→ Common Stock (312 underlying) - Exercise/Conversion
Restricted Stock Unit
2020-06-15−625→ 8,125 totalExercise: $0.00Exp: 2029-09-06→ Common Stock (625 underlying) - Exercise/Conversion
Performance Shares
2020-06-15−250→ 285 totalExercise: $0.00Exp: 2026-09-13→ Common Stock (250 underlying) - Exercise/Conversion
Restricted Stock Unit
2020-06-15−406→ 407 totalExercise: $0.00Exp: 2026-09-13→ Common Stock (406 underlying) - Exercise/Conversion
Restricted Stock Unit
2020-06-15−531→ 4,782 totalExercise: $0.00Exp: 2028-09-12→ Common Stock (531 underlying) - Exercise/Conversion
Restricted Stock Unit
2020-06-15−444→ 2,219 totalExercise: $0.00Exp: 2027-09-12→ Common Stock (444 underlying) - Exercise/Conversion
Restricted Stock Unit
2020-06-15−1,250→ 5,000 totalExercise: $0.00Exp: 2029-06-12→ Common Stock (1,250 underlying)
Footnotes (9)
- [F1]Shares sold by Issuer to cover taxes associated with settlement of Restricted Stock Units.
- [F2]The grant consists of three separate issuances of Restricted Stock Units, each with vesting subject to the Reporting Person's continued service to the Issuer. The first is 6,500 units vesting as follows: 1/16th of the units vest quarterly commencing December 15, 2016. The second is 4,001 units, for which vesting was subject to the satisfaction of both performance-based conditions and time-based criteria. The performance-based conditions were deemed met and exceeded by the Issuer's Board of Directors, and the time-based vesting criteria are as follows: 1/4th of the units vested on September 15, 2017 and an additional 1/16th of the units will vest quarterly thereafter. The third previously described TSR grant has vested according to its terms and conditions.
- [F3]The grant consists of three separate issuances of Restricted Stock Units, each with vesting subject to the Reporting Person's continued service to the Issuer. The first is 7,100 units vesting as follows: 1/16th of the units vest quarterly commencing December 15, 2017. The second is 4,647 units, for which vesting was subject to the satisfaction of both performance-based conditions and time-based criteria. The performance-based conditions were deemed met and exceeded by the Issuer's Board of Directors, and the time-based vesting criteria are as follows: 1/4th of the units vested on September 15, 2018 and an additional 1/16th of the units will vest quarterly thereafter. The third consists of units for which vesting will be determined based on the Issuer's total shareholder return percentile ranking relative to a set peer group, over a three year period ending on July 31, 2020.
- [F4]The number of shares reported in Column 9 of Table II represents the 2017 Performance Stock Unit ("PSU") and the Total Shareholder Return ("TSR") grants less the number of PSU shares vested as of this Transaction Date.
- [F5]The grant consists of three separate issuances of Restricted Stock Units, each with vesting subject to the Reporting Person's continued service to the Issuer. The first is 8,500 units vesting as follows: 1/16th of the units vest quarterly commencing December 15, 2018. The second is 5,739 units, for which vesting was subject to the satisfaction of both performance-based conditions and time-based criteria. The performance-based conditions were deemed met and exceeded by the Issuer's Board of Directors, and the time-based vesting criteria are as follows: 1/4th of the units vested on September 15, 2019 and an additional 1/16th of the units will vest quarterly thereafter. The third consists of units for which vesting will be determined based on the Issuer's total shareholder return percentile ranking relative to a set peer group, over a three year period ending on July 31, 2021.
- [F6]The number of shares reported in Column 9 of Table II represents the 2018 Performance Stock Unit ("PSU") and the Total Shareholder Return ("TSR") grants less the number of PSU shares vested as of this Transaction Date.
- [F7]The Restricted Stock Units vest as follows: 1/16th of the units vest quarterly commencing June 15, 2019, subject to the Reporting Person's continued service to the Issuer through each such vesting date.
- [F8]The Restricted Stock Units vest as follows: 1/8th of the units vest quarterly commencing September 15, 2019, subject to the Reporting Person's continued service to the Issuer.
- [F9]The Restricted Stock Units vest as follows: 1/16th of the units vest quarterly commencing December 15, 2019, subject to the Reporting Person's continued service to the Issuer through each such vesting date.
Documents
Issuer
Guidewire Software, Inc.
CIK 0001528396
Entity typeother
Related Parties
1- filerCIK 0001721294
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 6:00 PM ET
- Size
- 27.9 KB