Form 4 for VEEV Veeva Systems
Accepted 2023-01-11 00:00:00 ET · period of report 2023-01-09 · accession 0001628280-23-000911 · 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 | 2023-01-11 | 2023-01-09 | VEEV | Gassner Peter P | CEO, Dir | S - Sale | $153.69 | -1.35M | 12.4K | -99% | -$207.14M |
| D | 2023-01-11 | 2023-01-09 | VEEV | Gassner Peter P | CEO, Dir | C - Cnv Deriv | $0.00 | +1.35M | 1.35M | New | $0 |
| DM | 2023-01-11 | 2023-01-09 | VEEV | Gassner Peter P | CEO, Dir | M - OptEx | $0.00 | 0 | 14.34M | New | $0 |
| D | 2023-01-11 | 2023-01-09 | VEEV | Gassner Peter P | CEO, Dir | C - Cnv Deriv | $0.00 | -1.35M | 12.99M | -9% | $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 | Class A Common Stock | 2023-01-09 | S | D | 1,250,000 | $153.03 | 97,812 | D | — | — | (F3) As contemplated pursuant to the Form 8-K filed by the Issuer with the Securities and Exchange Commission on September 26, 2022, the block sale of 1,250,000 shares was facilitated by a large financial institution pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. |
| 2 | Common | Class A Common Stock | 2023-01-09 | S | D | 52,724 | $161.47 | 45,088 | D | — | — | (F4) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $161.065 to $162.06 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 3 | Common | Class A Common Stock | 2023-01-09 | C | A | 1,347,812 | $0.00 | 1,347,812 | D | — | — | (F1) Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. |
| 4 | Common | Class A Common Stock | 2023-01-09 | S | D | 12,440 | $163.41 | 0 | D | — | — | (F6) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.07 to $163.73 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 5 | Common | Class A Common Stock | 2023-01-09 | S | D | 32,648 | $162.50 | 12,440 | D | — | — | (F5) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $162.07 to $163.06 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 6 | Derivative | Stock Option (right to buy) | 2023-01-09 | M | D | 1,347,812 | $0.00 | 1,404,458 | D | $3.92 · — to 2023-03-09 | 1,347,812 Class B Common Stock | (F1) Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. (F8) The option shares are fully vested and may be exercised at any time. |
| 7 | Derivative | Class B Common Stock | 2023-01-09 | M | A | 1,347,812 | $0.00 | 14,335,145 | D | $3.92 · — to — | 1,347,812 Class A Common Stock | (F1) Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. (F9) Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, which occurs after the closing of the IPO, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation. All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock or (b) October 15, 2023. |
| 8 | Derivative | Class B Common Stock | 2023-01-09 | C | D | 1,347,812 | $0.00 | 12,987,333 | D | — · — to — | 1,347,812 Class A Common Stock | (F1) Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. (F9) Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, which occurs after the closing of the IPO, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation. All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock or (b) October 15, 2023. |