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

Role
President & COO
Signature
By: Winston King, Attorney-in-Fact for Priscilla Hung
Stock symbol
GWRE
Transactions as of
Dec 15, 2021
Transactions value $
-$269,572
Form type
4
Date filed
12/17/2021, 06:38 PM
Previous filing
Oct 5, 2021
Next filing
Dec 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Options Exercise $0 +379 +1.59% $0.00 24.2K Dec 15, 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +342 +1.41% $0.00 24.6K Dec 15, 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +562 +2.29% $0.00 25.1K Dec 15, 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +651 +2.59% $0.00 25.8K Dec 15, 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +781 +3.03% $0.00 26.6K Dec 15, 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +937 +3.53% $0.00 27.5K Dec 15, 2021 Direct
transaction GWRE Common Stock Sale -$270K -2.39K -8.68% $112.98 25.1K Dec 17, 2021 Direct F1

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 -379 -24.97% $0.00 1.14K Dec 15, 2021 Common Stock 379 $0.00 Direct F2
transaction GWRE Performance Shares Options Exercise $0 -342 -12.5% $0.00 2.39K Dec 15, 2021 Common Stock 342 $0.00 Direct F3
transaction GWRE Restricted Stock Unit Options Exercise $0 -562 -24.98% $0.00 1.69K Dec 15, 2021 Common Stock 562 $0.00 Direct F4
transaction GWRE Restricted Stock Unit Options Exercise $0 -651 -14.29% $0.00 3.91K Dec 15, 2021 Common Stock 651 $0.00 Direct F5
transaction GWRE Restricted Stock Unit Options Exercise $0 -781 -12.5% $0.00 5.47K Dec 15, 2021 Common Stock 781 $0.00 Direct F6
transaction GWRE Restricted Stock Unit Options Exercise $0 -937 -8.33% $0.00 10.3K Dec 15, 2021 Common Stock 937 $0.00 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold by Issuer to cover taxes associated with settlement of Restricted Stock Units.
F2 On September 12, 2018, the Reporting Person was granted a target of 5,400 shares covered by restricted stock units with performance- and time-based vesting requirements. On September 6, 2019, the Compensation Committee of the Board of Directors determined that 112.5% of the performance-based conditions were met resulting in an additional 673 shares earned by the Reporting Person. The time-based vesting is: 1/4th on September 15, 2019, and 1/16th quarterly thereafter, subject to the Reporting Person's continued service to the Issuer.
F3 On September 6, 2019, the Reporting Person was granted a target of 7,500 shares covered by restricted stock units with performance- and time-based vesting requirements. On September 9, 2020, the Compensation Committee of the Board of Directors determined that 73% of the performance-based conditions were met resulting in a reduction of 2,025 shares earned by the Reporting Person. The time-based vesting is: 1/4th vest on September 15, 2020, and 1/16th of the units vest quarterly thereafter, subject to the Reporting Person's continued service to the Issuer.
F4 The Restricted Stock Units vests as follows: 1/16th of the units vest quarterly commencing December 15, 2018, subject to the Reporting Person's continued service to the Issuer.
F5 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.
F6 The Restricted Stock Units vests as follows: 1/16th of the units vest quarterly commencing December 15, 2019, subject to the Reporting Person's continued service to the Issuer.
F7 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.