Priscilla Hung - Jun 15, 2022 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Role
President & COO
Signature
By: Winston King, Attorney-in-Fact for Priscilla Hung
Stock symbol
GWRE
Transactions as of
Jun 15, 2022
Transactions value $
-$124,006
Form type
4
Date filed
6/17/2022, 06:19 PM
Previous filing
Jun 13, 2022
Next filing
Jul 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Options Exercise $0 +379 +1.76% $0.00 21.9K Jun 15, 2022 Direct
transaction GWRE Common Stock Options Exercise $0 +342 +0.85% $0.00 40.7K Jun 15, 2022 Direct F1
transaction GWRE Common Stock Sale -$124K -1.72K -4.22% $72.18 38.9K Jun 17, 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 -379 -49.93% $0.00 380 Jun 15, 2022 Common Stock 379 $0.00 Direct F3
transaction GWRE Performance Shares Options Exercise $0 -342 -16.67% $0.00 1.71K Jun 15, 2022 Common Stock 342 $0.00 Direct F4
* 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) 721 shares from performance shares that vested on 6/15/2022, and (ii) 18,443 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 5,400 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 673 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.
F4 On September 6, 2019, the Reporting Person was granted a target of 7,500 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 2,025 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.