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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1313911	Rally Software Development Corp	RALY	Services-Prepackaged Software (7372)	841597294

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1189245	V Timothy Wolf	C/O Rally Software Development Corp. 3333 Walnut Street Boulder CO 80301		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2013-12-10	32,027	$5.93	42,527	No	4	M	Direct
Common Stock	Disposition	2013-12-10	12,000	$18.07	30,527	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (right to buy)	Disposition	2013-12-10	32,027	$0.00	46,120	$5.93

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
14,093	2011-12-01	2021-11-16	No	4	M	Direct

Footnotes

Includes 2,000 previously reported shares issued as restricted stock units ("RSUs") under the Issuer's 2013 Equity Incentive Plan (the "Plan") that were received as an award, for no consideration. The RSUs vest in full on June 28, 2014, provided that the Reporting Person's continuous service to the Issuer has not been terminated as defined in or as determined under the Plan.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.05 to $18.14, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnote 2 to this Form 4.