SEC Form 4 · accession 0001209191-17-045332
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
Jul 13, 2017
Accepted (ET)
Jul 17, 2017 · 4:05 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 StockF1,F2 | Jul 13, 2017 | M | 1,750 | $0.00 | A | 7,989 | D | |
| Class A Common Stock | Jul 14, 2017 | S | 913 | $63.60 | D | 7,076 | D | |
| Class A Common StockF1 | Jul 14, 2017 | M | 8,024 | $0.00 | A | 15,100 | D | |
| Class A Common StockF5 | Jul 14, 2017 | S | 9,115 | $63.3117 | D | 5,985 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F6 | — | Jul 13, 2017 | M | 1,750 | D | — | — | Class A Common Stock | 1,750 | 19,250 | D |
| Stock Option (right to buy)F1,F7 | $26.99 | Jul 14, 2017 | M | 8,024 | D | — | Apr 30, 2025 | Class A Common Stock | 8,024 | 280,866 | D |
Explanation of responses
- F1Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
- F2Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- F3The 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 July 13, 2017.
- F4The sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person.
- F5The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.0150 to $63.6000 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 (5).
- F6On May 1, 2015, the Reporting Person was granted 35,000 RSUs under the Issuer's 2013 Equity Incentive Plan, of which 5.00% of the RSUs vested on July 13, 2015, and 1/20th of the RSUs vesting for each quarter of continuous service to the Issuer by the Reporting Person.
- F7The option shares are fully vested and may be exercised at any time.