Jonathan Faddis - Oct 18, 2021 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role
SVP, Gen. Counsel, Secretary
Signature
/s/ Meaghan S. Nelson, attorney-in-fact
Stock symbol
VEEV
Transactions as of
Oct 18, 2021
Transactions value $
-$513,919
Form type
4
Date filed
10/20/2021, 04:16 PM
Previous filing
Oct 5, 2021
Next filing
Nov 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VEEV Class A Common Stock Conversion of derivative security $0 +1.67K +34.97% $0.00 6.43K Oct 18, 2021 Direct F1
transaction VEEV Class A Common Stock Sale -$514K -1.67K -25.91% $308.29 4.77K Oct 18, 2021 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 VEEV Stock Option (right to buy) Options Exercise $0 -1.67K -16.67% $0.00 8.33K Oct 18, 2021 Class B Common Stock 1.67K $3.92 Direct F1, F3
transaction VEEV Class B Common Stock Award $0 +1.67K $0.00 1.67K Oct 18, 2021 Class A Common Stock 1.67K Direct F1, F4
transaction VEEV Class B Common Stock Conversion of derivative security $0 -1.67K -100% $0.00* 0 Oct 18, 2021 Class A Common Stock 1.67K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
F2 The sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person.
F3 The option shares are fully vested and may be exercised at any time.
F4 Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, which occurs after the closing of the IPO, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation. All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock or (b) October 15, 2023.