Jonathan Faddis - 14 Feb 2022 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role
SVP, Gen. Counsel, Secretary
Signature
/s/ Meaghan S. Nelson, attorney-in-fact
Issuer symbol
VEEV
Transactions as of
14 Feb 2022
Net transactions value
$0
Form type
4
Filing time
16 Feb 2022, 18:31:10 UTC
Previous filing
04 Jan 2022
Next filing
16 Mar 2022
SEC
View on sec.gov

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 +5,000 +109% $0.000000 9,571 14 Feb 2022 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 VEEV Stock Option (right to buy) Options Exercise $0 -5,000 -75% $0.000000 1,667 14 Feb 2022 Class B Common Stock 5,000 $3.92 Direct F1, F2
transaction VEEV Class B Common Stock Options Exercise $0 +5,000 $0.000000 5,000 14 Feb 2022 Class A Common Stock 5,000 Direct F1, F3
transaction VEEV Class B Common Stock Conversion of derivative security $0 -5,000 -100% $0.000000* 0 14 Feb 2022 Class A Common Stock 5,000 Direct F1, F3
* 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 option shares are fully vested and may be exercised at any time.
F3 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.