Filing Details
- Accession Number:
- 0001586253-16-000093
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-09-15 17:36:19
- Reporting Period:
- 2016-09-13
- Filing Date:
- 2016-09-15
- Accepted Time:
- 2016-09-15 17:36:19
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1528396 | Guidewire Software Inc. | GWRE | Services-Prepackaged Software (7372) | 364468504 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1586253 | Winston James King | 1001 E. Hillsdale Blvd., Suite 800 Foster City CA 94404 | General Counsel And Secretary | No | Yes | 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 | 2016-09-13 | 104 | $45.27 | 104 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2016-09-13 | 42 | $46.77 | 146 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2016-09-13 | 192 | $36.97 | 338 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2016-09-13 | 226 | $36.97 | 564 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-09-13 | 564 | $61.45 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| 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 | Incentive Stock Option (right to buy) | Disposition | 2016-09-13 | 226 | $0.00 | 226 | $36.97 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2016-09-13 | 192 | $0.00 | 192 | $36.97 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2016-09-13 | 104 | $0.00 | 104 | $45.27 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2016-09-13 | 42 | $0.00 | 42 | $46.77 |
| Common Stock | Restricted Stock Unit | Acquisiton | 2016-09-13 | 7,000 | $0.00 | 7,000 | $0.00 |
| Common Stock | Restricted Stock Unit | Acquisiton | 2016-09-13 | 3,500 | $0.00 | 3,500 | $0.00 |
| Common Stock | Restricted Stock Unit | Acquisiton | 2016-09-13 | 3,500 | $0.00 | 3,500 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 1,093 | 2023-03-08 | No | 4 | M | Direct | |
| 574 | 2023-03-08 | No | 4 | M | Direct | |
| 313 | 2024-09-04 | No | 4 | M | Direct | |
| 125 | 2023-09-13 | No | 4 | M | Direct | |
| 7,000 | 2026-09-13 | No | 4 | A | Direct | |
| 10,500 | 2026-09-13 | No | 4 | A | Direct | |
| 14,000 | 2026-09-13 | No | 4 | A | Direct |
Footnotes
- Automatic stock option exercise and same-day sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 25, 2015.
- When both ISO and NQ Stock Options granted on March 8, 2013 are combined, they vest over four years of continuous service as follows: 25% of the underlying shares vest one year following the vesting commencement date of January 7, 2013 and 1/48th of the shares vesting monthly thereafter.
- When both ISO and NQ Stock Options granted on September 4, 2014 are combined, they vest over four years as follows: 1/48 of the underlying shares vest monthly following the vesting commencement date of September 4, 2014, subject to the Reporting Person's continuous service.
- When both ISO and NQ Stock Options granted on September 13, 2013 are combined, they vest over four years of continuous service as follows: 1/48th of the underlying shares vest monthly following the vesting commencement date of September 13, 2013.
- The Restricted Stock Units vest as follows: 1/16th of the units vest quarterly commencing December 15, 2016, subject to the Reporting Person's continued service to the Issuer through each such vesting date.
- The vesting of these Restricted Stock Units is subject to the satisfaction of both performance-based conditions and time-based criteria. The performance-based conditions will be satisfied if certain financial targets, determined by the Issuer, are met over the course of the Issuer's 2017 fiscal year. If the performance-based conditions for fiscal year 2017 are not met, then none of the shares will vest. If the performance-based conditions for fiscal year 2017 are achieved, as determined by the Issuer, then units will vest as the time-based criteria are satisfied. The time-based vesting criteria are as follows: 1/4th of the units vest on the one year anniversary of the vesting commencement date of September 15, 2016 and an additional 1/16th of the units will vest quarterly thereafter, subject to (1) the previously mentioned fiscal year 2017 performance-based conditions being met, and (2) the Reporting Person's continued service to the Issuer through each such vesting date.
- Each Performance Restricted Stock Unit ("Performance RSU") represents a contingent right to receive, pursuant to the Issuer's 2011 Stock Plan and Long-Term Incentive Plan, one share of the Issuer's common stock. Between 0% to 200% of the reported target number of Performance RSUs may be earned, based on the Company's total shareholder return percentile ranking relative to the software companies in the S&P Software and Services Select Industry Index for a three-year cumulative performance period commencing August 1, 2016 and ending July 31, 2019 (the "Performance Measurement Period"). All earned Performance RSUs will vest at the end of the Performance Measurement Period, subject to the Reporting Person's continued service to the Issuer through such date.
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