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

Role
Chief Delivery Officer
Signature
By: Winston King, Attorney-in-Fact for Michael Polelle
Issuer symbol
GWRE
Transactions as of
15 Dec 2021
Net transactions value
-$86,882
Form type
4
Filing time
17 Dec 2021, 18:38:57 UTC
Previous filing
21 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 +210 +2.7% $0.000000 8,038 15 Dec 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +136 +1.7% $0.000000 8,174 15 Dec 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +312 +3.8% $0.000000 8,486 15 Dec 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +312 +3.7% $0.000000 8,798 15 Dec 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +375 +4.3% $0.000000 9,173 15 Dec 2021 Direct
transaction GWRE Common Stock Sale $86,882 -769 -8.4% $112.98 8,404 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 -210 -25% $0.000000 634 15 Dec 2021 Common Stock 210 $0.000000 Direct F2
transaction GWRE Performance Shares Options Exercise $0 -136 -12% $0.000000 956 15 Dec 2021 Common Stock 136 $0.000000 Direct F3
transaction GWRE Restricted Stock Unit Options Exercise $0 -312 -25% $0.000000 938 15 Dec 2021 Common Stock 312 $0.000000 Direct F4
transaction GWRE Restricted Stock Unit Options Exercise $0 -312 -12% $0.000000 2,188 15 Dec 2021 Common Stock 312 $0.000000 Direct F5
transaction GWRE Restricted Stock Unit Options Exercise $0 -375 -8.3% $0.000000 4,125 15 Dec 2021 Common Stock 375 $0.000000 Direct F6
* 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 3,000 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 376 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 3,000 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 810 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 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.
F6 The Restricted Stock Units vests as follows: 1/16th of the units vest quarterly commencing December 15, 2020, subject to the Reporting Person's continued service to the Issuer.