Thomas D. Schwenger - 01 Oct 2022 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role
President and COO
Signature
/s/ Richard Blake, attorney-in-fact
Issuer symbol
VEEV
Transactions as of
01 Oct 2022
Net transactions value
-$289,035
Form type
4
Filing time
04 Oct 2022, 21:58:37 UTC
Previous filing
06 Jul 2022
Next filing
04 Jan 2023
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 Options Exercise $0 +2,500 +16% $0.000000 18,520 01 Oct 2022 Direct F1, F2
transaction VEEV Class A Common Stock Tax liability $161,747 -981 -5.3% $164.88 17,539 01 Oct 2022 Direct F3
transaction VEEV Class A Common Stock Options Exercise $0 +1,765 +10% $0.000000 19,304 01 Oct 2022 Direct F1, F2
transaction VEEV Class A Common Stock Tax liability $127,287 -772 -4% $164.88 18,532 01 Oct 2022 Direct F3

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 Restricted Stock Units Options Exercise $0 -2,500 -50% $0.000000 2,500 01 Oct 2022 Class A Common Stock 2,500 Direct F1, F2, F4
transaction VEEV Restricted Stock Units Options Exercise $0 -1,765 -33% $0.000000 3,529 01 Oct 2022 Class A Common Stock 1,765 Direct F1, F2, F5
* 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 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
F3 Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act.
F4 On September 18, 2019, the Reporting Person was granted 10,000 RSUs under the Issuer's 2013 Equity Incentive Plan, of which 25% of the RSUs vested on October 1, 2020, with 25% of the remaining RSUs vesting for each year of continuous service to the Issuer by the Reporting Person after October 1, 2020.
F5 The RSUs were granted under the Issuer's 2013 Equity Incentive Plan. The Reporting Person vests ownership in the RSUs over one year with 25% vesting on July 1, 2022, and 25% of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.