Home > Insider Trading > Filing (0001209191-16-114959)

Filing Details

Accession Number:: 0001209191-16-114959
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-04-19 19:29:53
Reporting Period:: 2016-04-15

Filing Date:: 2016-04-19
Accepted Time:: 2016-04-19 19:29:53
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1327811	Workday Inc.	WDAY	Services-Computer Processing & Data Preparation (7374)	202480422

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1557713	A. Michael Stankey	C/O Workday, Inc. 6230 Stoneridge Mall Road Pleasanton CA 94550	Vice Chairman	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2016-04-15	11,284	$76.02	268,975	No	4	S	Direct
Class A Common Stock	Disposition	2016-04-15	1,100	$77.04	267,875	No	4	S	Direct

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

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Stock Option (right to buy)	$0.65	2019-10-29	274,987	274,987	Direct
Class A Common Stock	Stock Option (right to buy)	$2.30	2021-02-17	675,000	675,000	Direct
Class A Common Stock	Stock Option (right to buy)	$7.05	2022-05-03	150,000	150,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2019-10-29	274,987	274,987	Direct
2021-02-17	675,000	675,000	Direct
2022-05-03	150,000	150,000	Direct

Footnotes

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 14, 2016and represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs.These sales are mandated by the Issuer's election under its equity incentive plan to require the satisfaction of tax withholding obligations to be fundedby a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.7300 to $76.7299, inclusive. The Reporting Person undertakes to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
Includes 240,984 restricted stock units (RSUs) that entitle the Reporting Person to receive one share of Class A Common Stock per unit upon settlement, of which i) 12.5% of 104,349 RSUs vested or will vest in quarterly installments beginning November 15, 2015, ii) 92,984 of the RSUs will vest in eight (8) quarterly installments beginning July 15, 2016, and iii) 92,984 RSUs vested or will vest quarterly over four years with a one year cliff beginning April 15, 2015. All grants are subject to the Reporting Person's continued employment with Workday on the applicable vesting dates.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.7500 to $77.7499, inclusive. The Reporting Person undertakes to Workday, Inc., any security holder of Workday, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.
This stock option grant became fully vested as of October 1, 2014 and is exercisable in full or in part at any time.
This stock option grant is under the Issuer's 2005 Stock Option Plan and vests as follows: 20% of the total number of shares vested on January 1, 2012 when the Reporting Person completed 12 months of continuous service, and 5% of the total number of shares vests as the Reporting Person completes each 3-month period of continuous service thereafter. This option grant will be exercisable in full or in part at any time, but the unvested portion is subject to the Issuer's right to repurchase the shares at the original exercise price in the event of termination of the Reporting Person's service for any reason.
This stock option grant is under the Issuer's 2005 Stock Option Plan and vests as follows: 20% of the total number of shares vested on January 1, 2014 when the Reporting Person completed 12 months of continuous service, and 5% of the total number of shares vests as the Reporting Person completes each 3-month period of continuous service thereafter. This option grant will be exercisable in full or in part at any time, but the unvested portion is subject to the Issuer's right to repurchase the shares at the original exercise price in the event of termination of the Reporting Person's service for any reason.