George J. Still Jr - Aug 26, 2021 Form 4 Insider Report for Workday, Inc. (WDAY)

Role
Director
Signature
/s/ Juliana Capata, attorney-in-fact
Stock symbol
WDAY
Transactions as of
Aug 26, 2021
Transactions value $
$0
Form type
4
Date filed
8/30/2021, 06:40 PM
Previous filing
Jun 10, 2021
Next filing
Oct 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDAY Class A Common Stock Options Exercise $383K +90K +244.22% $4.25* 127K Aug 26, 2021 Direct F1
holding WDAY Class A Common Stock 15K Aug 26, 2021 By the Still Family Trust 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 WDAY Stock Option (right to buy) Options Exercise -$383K -90K -100% $4.25* 0 Aug 26, 2021 Class A Common Stock 90K $4.25 Direct F3
holding WDAY Class B Common Stock 121K Aug 26, 2021 Class A Common Stock 121K By Still Family Partners F4, F5, F6
holding WDAY Stock Option (right to buy) 30K Aug 26, 2021 Class A Common Stock 30K $9.20 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 2,053 restricted stock units (RSUs) that entitle the Reporting Person to receive one share of Class A Common Stock upon settlement, including an original grant consisting of 2,053 RSUs with a grant date of 6/8/2021, which will vest 100% on 5/15/2022. All grants are subject to the Reporting Person's continued service with the Issuer on the applicable vesting date.
F2 Shares held by the Still Family Trust. Mr. Still is a trustee of the Still Family Trust, and may be deemed to have voting and dispositive power with regard to the shares held directly by the Still Family Trust. Mr. Still disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report will not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F3 This stock option grant is fully vested and exercisable.
F4 Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation in effect as of the date hereof. The shares of Class B Common Stock have no expiration date.
F5 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, (b) the date when the number of outstanding shares of Class B Common Stock represents less than 9% of all outstanding shares of Class A and Class B Common Stock, (c) October 11, 2032 or (d) nine months after the death of the later to die of David A. Duffield and Aneel Bhusri. The shares of Class A and Class B Common Stock have no expiration date.
F6 Shares held by Still Family Partners, a California limited partnership formed 3/26/1996 (the "Still Family Partners"). Mr. Still is general partner of Still Family Partners, and may be deemed to have voting and dispositive power with regard to the shares held directly by Still Family Partners. Mr. Still disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report will not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.