Jeffrey Elliott Cooper - Jun 15, 2021 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Signature
By: Winston King, Attorney-in-Fact for Jeffrey Elliott Cooper
Stock symbol
GWRE
Transactions as of
Jun 15, 2021
Transactions value $
$0
Form type
4
Date filed
6/17/2021, 08:49 PM
Next filing
Jun 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Options Exercise $0 +3.23K +117.14% $0.00 5.99K Jun 15, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GWRE Performance Shares Options Exercise $0 -63 -6.43% $0.00 917 Jun 15, 2021 Common Stock 63 $0.00 Direct F1, F2
transaction GWRE Restricted Stock Unit Options Exercise $0 -688 -33.35% $0.00 1.38K Jun 15, 2021 Common Stock 688 $0.00 Direct F3
transaction GWRE Restricted Stock Unit Options Exercise $0 -94 -16.7% $0.00 469 Jun 15, 2021 Common Stock 94 $0.00 Direct F1
transaction GWRE Restricted Stock Unit Options Exercise $0 -130 -11.09% $0.00 1.04K Jun 15, 2021 Common Stock 130 $0.00 Direct F4
transaction GWRE Restricted Stock Unit Options Exercise $0 -141 -9.98% $0.00 1.27K Jun 15, 2021 Common Stock 141 $0.00 Direct F5
transaction GWRE Restricted Stock Unit Options Exercise $0 -1.81K -7.69% $0.00 21.7K Jun 15, 2021 Common Stock 1.81K $0.00 Direct F6
transaction GWRE Restricted Stock Unit Options Exercise $0 -312 -7.13% $0.00 4.06K Jun 15, 2021 Common Stock 312 $0.00 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The grant consists of three separate issuance of Restricted Stock Units, each with vesting subject to the Reporting Person's continued service to the Issuer. The first is 1,500 units vesting as follows: 1/16th of the units vest quarterly commencing December 15, 2018. The second is 1,012 units, for which vesting was subject to the satisfaction of both performance-based conditions and timebased criteria. The performance-based conditions were deemed met and exceeded by the Issuer's Board of Directors, and the time-based vesting criteria are as follows: 1/4th of the units vested on September 15, 2019 and an additional 1/16th of the units will vest quarterly thereafter. The third consists of units for which vesting will be determined based on the Issuer's total shareholder return percentile ranking relative to a set peer group, over a three-year period ending on July 31, 2021.
F2 The number of shares reported in Column 9 of Table II represents the 2018 Performance Stock Unit ("PSU) and the Total Shareholder Return ("TSR") grants less the number of PSU shares vested as of this Transaction Date.
F3 The Restricted Stock Units vest as follows: 1/4 of the units vested on December 15, 2018 and an additional 1/16th of the units vest quarterly thereafter, subject to the Reporting Person's continued service to the Issuer through each such vesting date.
F4 The Restricted Stock Units vests as follows: 1/16th of the units vest quarterly commencing September 15, 2019, subject to the Reporting Person's continued service to the Issuer.
F5 The Restricted Stock Units vests as follows: 1/16th of the units vest quarterly commencing December 15, 2019, subject to the Reporting Person's continued service to the Issuer.
F6 The Restricted Stock Units vests as follows: 1/16th of the units vest quarterly commencing September 15, 2020, subject to the Reporting Person's continued service to the Issuer.
F7 The Restricted Stock Units vests as follows: 1/16th of the units vest quarterly commencing December 15, 2020, subject to the Reporting Person's continued service to the Issuer.