SEC Form 4 · accession 0001209191-15-084515

VEEVA SYSTEMS INC · VEEV

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Timothy S Cabral

Officer — Chief Financial Officer

Period of report

Dec 8, 2015

Accepted (ET)

Dec 10, 2015 · 5:17 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001393052

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Class A Common Stock	Dec 8, 2015	C	35,000	$0.00	A	35,566	D
Class A Common Stock^F2	Dec 8, 2015	S	35,000	$27.0218	D	566	D
Class A Common Stock	Dec 9, 2015	C	2,500	$0.00	A	3,066	D
Class A Common Stock	Dec 9, 2015	S	2,500	$27.00	D	566	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (right to purchase)^F3	$3.92	Dec 8, 2015	M	35,000	D	—	Mar 9, 2023	Class B Common Stock	35,000	924,833	D
Class B Common Stock^F4	—	Dec 8, 2015	A	35,000	A	—	—	Class A Common Stock	35,000	223,500	D
Class B Common Stock^F4	—	Dec 8, 2015	C	35,000	D	—	—	Class A Common Stock	35,000	188,500	D
Stock Option (right to purchase)^F3	$3.92	Dec 9, 2015	M	2,500	D	—	Mar 9, 2023	Class B Common Stock	2,500	922,333	D
Class B Common Stock^F4	—	Dec 9, 2015	A	2,500	A	—	—	Class A Common Stock	2,500	191,000	D
Class B Common Stock^F4	—	Dec 9, 2015	C	2,500	D	—	—	Class A Common Stock	2,500	188,500	D

Explanation of responses

F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.7700 to $27.2500 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 set forth in this footnote (2).
F3The option shares are fully vested and may be exercised at any time.
F4Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, which occurs after the closing of the IPO, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation in effect after the closing of the IPO. 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 or (b) October 15, 2023.