Jeffrey Elliott Cooper - 15 Jun 2022 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Role
Chief Financial Officer
Signature
By: Winston King, Attorney-in-Fact for Jeffrey Elliott Cooper
Issuer symbol
GWRE
Transactions as of
15 Jun 2022
Net transactions value
-$90,442
Form type
4
Filing time
17 Jun 2022, 18:19:04 UTC
Previous filing
18 Mar 2022
Next filing
21 Jun 2022
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 +63 +0.14% $0.000000 44,198 15 Jun 2022 Direct F1
transaction GWRE Common Stock Sale $90,442 -1,253 -2.8% $72.18 42,945 17 Jun 2022 Direct F2

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 -63 -50% $0.000000 64 15 Jun 2022 Common Stock 63 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction involves the acquisition of vested performance shares. The Reporting Person previously reported certain prior awards of restricted stock units in Table II of Form 4. The total reported in Column 5 includes (i) 63 shares from performance shares that vested on 6/15/2022, and (ii) 21,053 restricted stock units previously reported in Table II.
F2 Shares sold by Issuer to cover taxes associated with settlement of restricted stock units.
F3 On September 12, 2018, the Reporting Person was granted a target of 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 112 shares earned by the Reporting Person. The time-based vesting is: 1/4th on September 15, 2019, and 1/16th of the units vest quarterly thereafter subject to the Reporting Person's continued service to the Issuer.