SEC Form 4 · accession 0001209191-16-140286
VEEVA SYSTEMS INC · VEEV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan Mateo
Officer — EVP Global Sales
Period of report
Sep 1, 2016
Accepted (ET)
Sep 6, 2016 · 7:24 pm EDT
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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Sep 1, 2016 | S | 350 | $41.39 | D | 5,805 | D | |
| Class A Common StockF2 | Sep 1, 2016 | M | 43,456 | $0.00 | A | 49,261 | D | |
| Class A Common StockF3 | Sep 1, 2016 | S | 42,256 | $40.5202 | D | 7,005 | D | |
| Class A Common StockF4 | Sep 1, 2016 | S | 1,200 | $41.3358 | D | 5,805 | D | |
| Class A Common StockF2,F5 | Sep 1, 2016 | M | 1,000 | $0.00 | A | 6,805 | D | |
| Class A Common Stock | Sep 6, 2016 | S | 371 | $40.50 | D | 6,434 | 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 buy)F2,F7 | $26.99 | Sep 1, 2016 | M | 43,456 | D | — | Apr 30, 2025 | Class A Common Stock | 43,456 | 456,544 | D |
| Restricted Stock UnitsF2,F5,F8 | — | Sep 1, 2016 | M | 1,000 | D | — | — | Class A Common Stock | 1,000 | 14,000 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person.
- F2Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
- F3The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.2500 to $41.2499 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 (3).
- F4The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.2500 to $41.3900 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 (4).
- F5Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- F6The sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person and were made to cover taxes associated with RSU vesting on September 1, 2016.
- F7The option shares are fully vested and may be exercised at any time.
- F8The Reporting Person was granted 16,000 RSUs under the Issuer's 2013 Equity Incentive Plan, with 1/16 of the RSUs vesting on June 1, 2016, and 1/16 of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.