Form 4 for GWRE Guidewire Software, Inc.
Accepted 2021-09-17 00:00:00 ET · period of report 2021-09-15 · accession 0001528396-21-000067 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-09-17 | 2021-09-15 | GWRE | ODowd Frank E JR | Chief Sales Off | M - OptEx | $0.00 | +6,046 | 30.7K | +25% | $0 |
| DM | 2021-09-17 | 2021-09-15 | GWRE | ODowd Frank E JR | Chief Sales Off | M - OptEx | $0.00 | -6,046 | 8,779 | -41% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-09-15 | M | A | 6,046 | $0.00 | 30,685 | D | — | — | |
| 2 | Derivative | Performance Shares | 2021-09-15 | M | D | 2,034 | $0.00 | 9,923 | D | — · — to — | 2,034 Common Stock | (F1) Each restricted stock unit or performance stock unit represents a contingent right to receive one share of the Issuer's common stock. (F2) These performance stock units are split in two halves, with vesting of each subject to the satisfaction of both performance- and time-based conditions. Performance-based conditions will be satisfied if financial targets, determined by the Issuer, are met for fiscal year 2021 for the first half and fiscal year 2023 for the second half. If the performance-based conditions for fiscal year 2021 are achieved, then the first half will vest based on performance with the following timing: 16.6% will vest on each of September 15, 2021, September 15, 2022, and September 15, 2023, subject to the Reporting Person's continued service to the Issuer. The second half will vest on September 15, 2023 based on achievement under the performance-based conditions for fiscal year 2023, subject to the Reporting Person's continued service to the Issuer. |
| 3 | Derivative | Restricted Stock Unit | 2021-09-15 | M | D | 3,280 | $0.00 | 36,091 | D | — · — to — | 3,280 Common Stock | (F1) Each restricted stock unit or performance stock unit represents a contingent right to receive one share of the Issuer's common stock. (F3) The Restricted Stock Units vest as follows: 1/16th of the units vest quarterly commencing December 15, 2020, subject to the Reporting Person's continued service to the Issuer through each such vesting date. |
| 4 | Derivative | Restricted Stock Unit | 2021-09-15 | M | D | 732 | $0.00 | 8,779 | D | $0.00 · — to 2030-06-15 | 732 Common Stock | (F4) The Restricted Stock Units vests as follows: 25% of the units vest on the first anniversary of the vesting commencement date of June 15, 2020 and an additional 1/16th of the units vest quarterly thereafter, subject to the Reporting Person's continued service to the Issuer as of each such date. |