Marcus Ryu - 15 Sep 2021 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
17 Sep 2021, 21:39:36 UTC
Prior SEC filing
22 Jun 2021
Next SEC filing
21 Sep 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
BY: Winston King, Attorney in Fact For: Marcus S. Ryu

Key filing fact

Marcus Ryu filed Form 4 for Guidewire Software, Inc. (GWRE) on 17 Sep 2021.

Key facts

  • This page summarizes Marcus Ryu's Form 4 filing for Guidewire Software, Inc. (GWRE).
  • 4 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 17 Sep 2021, 21:39.

Change

  • Previous filing in this sequence was filed on 22 Jun 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GWRE transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+32,595
Change %
+182%
Price
$0.000000
Shares after
50,501
Date
15 Sep 2021
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GWRE transaction Derivative

Performance Shares

Options Exercise

Transaction value
$0
Shares
-27,200
Change %
-100%
Price
$0.000000*
Shares after
0
Date
15 Sep 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
27,200
Exercise price
$0.000000
Footnotes
F1
GWRE transaction Derivative

Performance Shares

Options Exercise

Transaction value
$0
Shares
-3,417
Change %
-100%
Price
$0.000000*
Shares after
0
Date
15 Sep 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,417
Exercise price
$0.000000
Footnotes
F2
GWRE transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-1,978
Change %
-100%
Price
$0.000000*
Shares after
0
Date
15 Sep 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,978
Exercise price
$0.000000
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

The vesting of these Restricted Stock Units ("PSUs") is subject to the satisfaction of performance-based conditions, which will be satisfied if certain performance targets, determined by the Issuer, are met over the course of the Issuer's 2021 fiscal year. If the performance-based conditions are not met, then none of the units will vest. If the performance-based conditions are achieved, then all of the units will vest on September 15, 2021.

Footnote F2

The grant consists of four separate issuances of Restricted Stock Units, each with vesting subject to the Reporting Person's continued service to the Issuer. The first is 31,638 units vesting as follows: 1/16th of the units vest quarterly commencing December 15, 2017. The second is 54,668 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. The third and fourth consist of units for which vesting will be determined based on (i) the Issuer's total shareholder return percentile ranking relative to a set peer group, over a three year period ending on July 31, 2020 and (ii) attainment of certain financial targets by Issuer over the same period.

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