Form 4 for GWRE Guidewire Software, Inc.
Accepted 2022-12-19 00:00:00 ET · period of report 2022-12-15 · accession 0001528396-22-000135 · 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 | 2022-12-19 | 2022-12-15 | GWRE | Rosenbaum Michael George | CEO, Dir | M - OptEx | $0.00 | +2,555 | 203.7K | +1% | $0 |
| D | 2022-12-19 | 2022-12-19 | GWRE | Rosenbaum Michael George | CEO, Dir | S - Sale+OE | $61.40 | -7,960 | 195.8K | -4% | -$488.7K |
| D | 2022-12-19 | 2022-12-15 | GWRE | Rosenbaum Michael George | CEO, Dir | M - OptEx | $0.00 | -2,555 | 7,665 | -25% | $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 | 2022-12-15 | M | A | 2,555 | $0.00 | 203,715 | D | — | — | |
| 2 | Common | Common Stock | 2022-12-19 | S | D | 7,960 | $61.40 | 195,755 | D | — | — | (F2) The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $61.4012 to $61.4018 per share. The reporting person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. |
| 3 | Derivative | Performance Stock Units | 2022-12-15 | M | D | 2,555 | $0.00 | 7,665 | D | — · — to 2029-09-06 | 2,555 Common Stock | (F3) Each restricted stock unit or performance stock unit represents a contingent right to receive one share of the Issuer's common stock. (F4) 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. |