James Winston King - 15 Dec 2021 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Role
Chief Admin Officer, Gen Couns
Signature
/s/ James Winston King
Issuer symbol
GWRE
Transactions as of
15 Dec 2021
Net transactions value
-$155,461
Form type
4
Filing time
17 Dec 2021, 18:38:39 UTC
Previous filing
22 Sep 2021
Next filing
20 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Options Exercise $0 +273 +1.5% $0.000000 18,328 15 Dec 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +192 +1% $0.000000 18,520 15 Dec 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +406 +2.2% $0.000000 18,926 15 Dec 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +326 +1.7% $0.000000 19,252 15 Dec 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +437 +2.3% $0.000000 19,689 15 Dec 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +562 +2.9% $0.000000 20,251 15 Dec 2021 Direct
transaction GWRE Common Stock Sale $155,461 -1,376 -6.8% $112.98 18,875 17 Dec 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 -273 -25% $0.000000 825 15 Dec 2021 Common Stock 273 $0.000000 Direct F2
transaction GWRE Performance Shares Options Exercise $0 -192 -13% $0.000000 1,339 15 Dec 2021 Common Stock 192 $0.000000 Direct F3
transaction GWRE Restricted Stock Unit Options Exercise $0 -406 -25% $0.000000 1,219 15 Dec 2021 Common Stock 406 $0.000000 Direct F4
transaction GWRE Restricted Stock Unit Options Exercise $0 -326 -14% $0.000000 1,953 15 Dec 2021 Common Stock 326 $0.000000 Direct F5
transaction GWRE Restricted Stock Unit Options Exercise $0 -437 -12% $0.000000 3,063 15 Dec 2021 Common Stock 437 $0.000000 Direct F6
transaction GWRE Restricted Stock Unit Options Exercise $0 -562 -8.3% $0.000000 6,188 15 Dec 2021 Common Stock 562 $0.000000 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 3,900 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 491 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 4,200 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 1,134 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.