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Filing Details

Accession Number:: 0001209191-18-025263
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-04-17 20:07:22
Reporting Period:: 2018-04-15

Accepted Time:: 2018-04-17 20:07:22
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
1731581	Petros Dermetzis	C/O Workday, Inc. 6230 Stoneridge Mall Road Pleasanton CA 94588	Chief Products Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2018-04-15	66,521	$0.00	223,170	No	4	A	Direct
Class A Common Stock	Disposition	2018-04-16	11,720	$126.91	211,450	No	4	S	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	43,896	Indirect	Petros Dermetzis and Mar Cano Revocable Trust Dtd 10/15/1999

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Stock Option (right to buy)	$0.00		2021-02-18	25,000	25,000	Direct
Class A Common Stock	Stock Option (right to buy)	$0.00		2022-05-04	35,000	35,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2021-02-18	25,000	25,000	Direct
2022-05-04	35,000	35,000	Direct

Footnotes

The total reported in Column 5 has been adjusted to correct an understatement of total holdings by 120 shares first reflected in a Form 3 filed on February 26, 2018.
Includes 153,700 Restricted Stock Units (RSUs) that entitle the Reporting Person to receive one share of Class A Common Stock upon settlement, from original grants consisting of i) 46,492 RSUs with a grant date of 04/15/2014 with remaining vesting dates of 04/15/2018 and 6/15/2018; ii) 46,492 RSUs with a grant date of 04/15/2015, 46,492 RSUs with a grant date of 04/15/2016, 54,247 with a grant date of 04/15/2017, and 66,521 RSUs with a grant date of 4/15/2018, each of which vested or will vest as to 25% of the underlying shares on the one-year anniversary of grant then quarterly thereafter. All grants are subject to the Reporting Person's continued service with the Issuer on the applicable vesting dates.
The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs). These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by 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 within the range of $126.8335 to $127.8334, inclusive. The Reporting Person undertakes to provide 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 on July 1, 2016.
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, (b) the date when the number of outstanding shares of Class B Common Stock represents less than 9% of all outstanding shares of Class A and Class B Common Stock, (c) October 11, 2032 or (d) nine (9) months after the death of the later to die of David A. Duffield and Aneel Bhusri. The shares of Class A and Class B Common Stockhave no expiration date.
This stock option grant became fully vested on March 3, 2018.