Michael Polelle - Mar 15, 2022 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Role
Chief Delivery Officer
Signature
By: Winston King, Attorney-in-Fact for Michael Polelle
Stock symbol
GWRE
Transactions as of
Mar 15, 2022
Transactions value $
$0
Form type
4
Date filed
3/15/2022, 05:18 PM
Previous filing
Dec 20, 2021
Next filing
Mar 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Options Exercise $0 +212 +2.81% $0.00 7.75K Mar 15, 2022 Direct
transaction GWRE Common Stock Options Exercise $0 +137 +1.77% $0.00 7.88K Mar 15, 2022 Direct
transaction GWRE Common Stock Options Exercise $0 +313 +3.97% $0.00 8.2K Mar 15, 2022 Direct
transaction GWRE Common Stock Options Exercise $0 +313 +3.82% $0.00 8.51K Mar 15, 2022 Direct
transaction GWRE Common Stock Options Exercise $0 +375 +4.41% $0.00 8.89K Mar 15, 2022 Direct

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 -212 -33.44% $0.00 422 Mar 15, 2022 Common Stock 212 $0.00 Direct F1
transaction GWRE Performance Shares Options Exercise $0 -137 -14.33% $0.00 819 Mar 15, 2022 Common Stock 137 $0.00 Direct F2
transaction GWRE Restricted Stock Unit Options Exercise $0 -313 -33.37% $0.00 625 Mar 15, 2022 Common Stock 313 $0.00 Direct F3
transaction GWRE Restricted Stock Unit Options Exercise $0 -313 -14.31% $0.00 1.88K Mar 15, 2022 Common Stock 313 $0.00 Direct F4
transaction GWRE Restricted Stock Unit Options Exercise $0 -375 -9.09% $0.00 3.75K Mar 15, 2022 Common Stock 375 $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 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.
F5 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.