Priscilla Hung - Jun 15, 2021 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Signature
By: Winston King, Attorney in Fact For: Priscilla C. Hung
Stock symbol
GWRE
Transactions as of
Jun 15, 2021
Transactions value $
$0
Form type
4
Date filed
6/17/2021, 08:50 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 +5.06K +100.12% $0.00 10.1K 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 -310 -28.68% $0.00 771 Jun 15, 2021 Common Stock 310 $0.00 Direct F1, F2
transaction GWRE Performance Shares Options Exercise $0 -379 -7.28% $0.00 4.83K Jun 15, 2021 Common Stock 379 $0.00 Direct F3, F4
transaction GWRE Performance Shares Options Exercise $0 -343 -3.28% $0.00 10.1K Jun 15, 2021 Common Stock 343 $0.00 Direct F5, F6
transaction GWRE Restricted Stock Unit Options Exercise $0 -625 -100% $0.00* 0 Jun 15, 2021 Common Stock 625 $0.00 Direct F7
transaction GWRE Restricted Stock Unit Options Exercise $0 -475 -50% $0.00 475 Jun 15, 2021 Common Stock 475 $0.00 Direct F1
transaction GWRE Restricted Stock Unit Options Exercise $0 -562 -16.65% $0.00 2.81K Jun 15, 2021 Common Stock 562 $0.00 Direct F3
transaction GWRE Restricted Stock Unit Options Exercise $0 -651 -11.11% $0.00 5.21K Jun 15, 2021 Common Stock 651 $0.00 Direct F8
transaction GWRE Restricted Stock Unit Options Exercise $0 -781 -10% $0.00 7.03K Jun 15, 2021 Common Stock 781 $0.00 Direct F5
transaction GWRE Restricted Stock Unit Options Exercise $0 -937 -7.14% $0.00 12.2K Jun 15, 2021 Common Stock 937 $0.00 Direct F9
* 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 issuances of Restricted Stock Units, each with vesting subject to the Reporting Person's continued service to the Issuer. The first is 7,600 units vesting as follows: 1/16th of the units vest quarterly commencing December 15, 2017. The second is 4,968 units, for which vesting was subject to the satisfaction of both performance-based conditions and time-based 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, 2018 and an additional 1/16th of the units will vest quarterly thereafter.
F2 The number of shares reported in Column 9 of Table II represents the 2017 Performance Stock Unit ("PSU") and the Total Shareholder Return ("TSR") grants less the number of PSU and TSR shares vested as of this Transaction Date.
F3 The grant consists of three separate issuances of Restricted Stock Units, each with vesting subject to the Reporting Person's continued service to the Issuer. The first is 9,000 units vesting as follows: 1/16th of the units vest quarterly commencing December 15, 2018. The second is 6,073 units, for which vesting was subject to the satisfaction of both performance-based conditions and time-based 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.
F4 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.
F5 The grant consists of three separate issuances of Restricted Stock Units, each with vesting subject to the Reporting Person's continued service to the Issuer. The first is 12,500 units vesting as follows: 1/16th of the units vest quarterly commencing December 15, 2019. The second is 5,475 units, for which vesting was subject to the satisfaction of both performance-based conditions and time-based criteria. Attainment regarding the performance-based conditions was determined by the Issuer's Board of Directors based on the Issuer's results for FYE July 31, 2020, and the time-based vesting criteria are as follows: 1/4th of the units vested on September 15, 2020 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, 2022.
F6 The number of shares reported in Column 9 of Table II represents the 2019 Performance Stock Unit ("PSU") and the Total Shareholder Return ("TSR") grants less the number of PSU shares vested as of this Transaction Date.
F7 The Restricted Stock Units vest as follows: 1/16th of the units vest quarterly commencing September 15, 2017, subject to the Reporting Person's continued service to the Issuer.
F8 The Restricted Stock Units vest as follows: 1/16th of the units vest quarterly commencing September 15, 2019, subject to the Reporting Person's continued service to the Issuer.
F9 The Restricted Stock Units vest as follows: 1/16th of the units vest quarterly commencing December 15, 2020, subject to the Reporting Person's continued service to the Issuer through each such vesting date.