Michael A. Jackowski - Feb 18, 2022 Form 4 Insider Report for DUCK CREEK TECHNOLOGIES, INC. (DCT)

Role
Chief Executive Officer, Director
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, 07:07 PM
Previous filing
Nov 12, 2021
Next filing
Mar 31, 2023

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 +126K +7.89% 1.72M Feb 18, 2022 Direct F1
transaction DCT Common Stock, par value $0.01 per share Award $0 +415K +24.13% $0.00 2.14M Oct 31, 2022 Direct F2

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 +18.3K +11.11% 183K Feb 18, 2022 Common Stock, par value $0.01 per share 18.3K $27.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 Shares of common stock, par value $0.01 per share, of the Company granted pursuant to the Company's 2020 Omnibus Incentive Plan. One quarter vest in one year, one quarter vest in two years, one quarter vest in three years and one quarter vest in four years.
F3 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.