Form 4 for GWRE Guidewire Software, Inc.
Accepted 2022-06-17 00:00:00 ET · period of report 2022-06-15 · accession 0001528396-22-000065 · 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 | 2022-06-17 | 2022-06-17 | GWRE | Rosenbaum Michael George | CEO, Dir | S - Sale+OE | $72.18 | -5,636 | 125.5K | -4% | -$406.8K |
| D | 2022-06-17 | 2022-06-15 | GWRE | Rosenbaum Michael George | CEO, Dir | M - OptEx | $0.00 | +2,555 | 131.1K | +2% | $0 |
| D | 2022-06-17 | 2022-06-15 | GWRE | Rosenbaum Michael George | CEO, Dir | M - OptEx | $0.00 | -2,555 | 12.8K | -17% | $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 | 2022-06-17 | S | D | 5,636 | $72.18 | 125,474 | D | — | — | |
| 2 | Common | Common Stock | 2022-06-15 | M | A | 2,555 | $0.00 | 131,110 | 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) 2,555 shares from performance shares that vested on 6/15/2022, and (ii) 46,656 restricted stock units previously reported in Table II. |
| 3 | Derivative | Performance Shares | 2022-06-15 | M | D | 2,555 | $0.00 | 12,775 | D | $0.00 · — to 2029-09-06 | 2,555 Common Stock | (F3) On September 6, 2019, the Reporting Person was granted a target of 56,009 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 15,122 shares earned by the Reporting Person. The time-based vesting is: 1/4th on September 15, 2020, and 1/16th of the units vest quarterly thereafter subject to the Reporting Person's continued service to the Issuer. |