Form 4 for GWRE Guidewire Software, Inc.
Accepted 2022-06-17 00:00:00 ET · period of report 2022-06-15 · accession 0001528396-22-000064 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-06-17 | 2022-06-15 | GWRE | King James Winston | Chief Admin Off, Gen Couns | M - OptEx | $0.00 | +467 | 29.3K | +2% | $0 |
| D | 2022-06-17 | 2022-06-17 | GWRE | King James Winston | Chief Admin Off, Gen Couns | S - Sale+OE | $72.18 | -993 | 28.3K | -3% | -$71.7K |
| DM | 2022-06-17 | 2022-06-15 | GWRE | King James Winston | Chief Admin Off, Gen Couns | M - OptEx | $0.00 | -467 | 955 | -33% | $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 | 2022-06-15 | M | A | 275 | $0.00 | 18,417 | D | — | — | |
| 2 | Common | Common Stock | 2022-06-15 | M | A | 192 | $0.00 | 29,300 | D | — | — | (F1) The reported transaction involves the acquisition of vested performance shares. The Reporting Person previously reported certain prior awards of restricted stock units in Table II of Form 4. The total reported in Column 5 includes (i) 467 shares from performance shares that vested on 6/15/2022, and (ii) 10,691 restricted stock units previously reported in Table II. |
| 3 | Common | Common Stock | 2022-06-17 | S | D | 993 | $72.18 | 28,307 | D | — | — | |
| 4 | Derivative | Performance Shares | 2022-06-15 | M | D | 275 | $0.00 | 275 | D | $0.00 · — to 2028-09-12 | 275 Common Stock | (F3) On September 12, 2018, the Reporting Person was granted a target of 3,900 shares covered by restricted stock units with performance- and time-based vesting requirements. On September 6, 2019, the Compensation Committee of the Board of Directors determined that 112.5% of the performance-based conditions were met resulting in an additional 491 shares earned by the Reporting Person. The time-based vesting is: 1/4th on September 15, 2019, and 1/16th quarterly thereafter, subject to the reporting person's continued service to the Issuer. |
| 5 | Derivative | Performance Shares | 2022-06-15 | M | D | 192 | $0.00 | 955 | D | $0.00 · — to 2029-09-06 | 192 Common Stock | (F4) On September 6, 2019, the Reporting Person was granted a target of 4,200 shares covered by restricted stock units with performance- and time-based vesting requirements. On September 9, 2020, the Compensation Committee of the Board of Directors determined that 73% of the performance-based conditions were met resulting in a reduction of 1,134 shares earned by the Reporting Person. The time-based vesting is: 1/4th vest on September 15, 2020, and 1/16th of the units vest quarterly thereafter subject to the Reporting Person's continued service to the Issuer. |