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

Role
Chief Admin Officer, Gen Couns
Signature
/s/ James Winston King
Stock symbol
GWRE
Transactions as of
Dec 15, 2021
Transactions value $
-$155,461
Form type
4
Date filed
12/17/2021, 06:38 PM
Previous filing
Sep 22, 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 +273 +1.51% $0.00 18.3K Dec 15, 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +192 +1.05% $0.00 18.5K Dec 15, 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +406 +2.19% $0.00 18.9K Dec 15, 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +326 +1.72% $0.00 19.3K Dec 15, 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +437 +2.27% $0.00 19.7K Dec 15, 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +562 +2.85% $0.00 20.3K Dec 15, 2021 Direct
transaction GWRE Common Stock Sale -$155K -1.38K -6.79% $112.98 18.9K 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 -273 -24.86% $0.00 825 Dec 15, 2021 Common Stock 273 $0.00 Direct F2
transaction GWRE Performance Shares Options Exercise $0 -192 -12.54% $0.00 1.34K Dec 15, 2021 Common Stock 192 $0.00 Direct F3
transaction GWRE Restricted Stock Unit Options Exercise $0 -406 -24.98% $0.00 1.22K Dec 15, 2021 Common Stock 406 $0.00 Direct F4
transaction GWRE Restricted Stock Unit Options Exercise $0 -326 -14.3% $0.00 1.95K Dec 15, 2021 Common Stock 326 $0.00 Direct F5
transaction GWRE Restricted Stock Unit Options Exercise $0 -437 -12.49% $0.00 3.06K Dec 15, 2021 Common Stock 437 $0.00 Direct F6
transaction GWRE Restricted Stock Unit Options Exercise $0 -562 -8.33% $0.00 6.19K Dec 15, 2021 Common Stock 562 $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 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.