Matthew R. Foster - Feb 18, 2022 Form 4 Insider Report for DUCK CREEK TECHNOLOGIES, INC. (DCT)

Role
Title: Former Chief Operating Officer (Chief Operating Officer on February 18, 2022)
Signature
/s/ Christopher R. Stone as Attorney-in-Fact
Stock symbol
DCT
Transactions as of
Feb 18, 2022
Transactions value $
$0
Form type
4
Date filed
11/2/2022, 07:06 PM
Previous filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DCT Common Stock, par value $0.01 per share Award +70.5K +12.86% 619K Feb 18, 2022 Direct F1, F2
holding DCT Common Stock, par value $0.01 per share 250K Feb 18, 2022 See footnote F2, F3

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 DCT Option Award +10.2K +11.11% 102K Feb 18, 2022 Common Stock, par value $0.01 per share 10.2K $27.00 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Matthew R. Foster is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents vested restricted shares of Duck Creek Technologies, Inc. (the "Company") the reporting person acquired upon the satisfaction of a performance condition associated with previously awarded partnership units in Disco Topco Holdings (Cayman) L.P. (the "Operating Partnership") that converted into unvested restricted shares in connection with the initial public offering, as described in the Registration Statement on Form S-1 (File No. 333-240050) of the Company pursuant to the Company's 2020 Omnibus Incentive Plan.
F2 Reflects securities beneficially owned as of February 18, 2022 after the reported transaction.
F3 These shares are owned directly by Foster 2020 GST Trust for the benefit of the reporting person's spouse and children, of which his spouse is a trustee. The reporting person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
F4 Represents options to acquire shares of common stock of the Company that were granted in connection with the reporting person's contribution of previously awarded partnership interests in the Operating Partnership at the time of the initial public offering and later became vested upon the satisfaction of certain performance conditions.

Remarks:

Title: Former Chief Operating Officer (Chief Operating Officer on February 18, 2022)