SEC Form 4 · accession 0001209191-17-051789
VEEVA SYSTEMS INC · VEEV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederic Lequient
Officer — SVP Global Customer Service
Period of report
Sep 1, 2017
Accepted (ET)
Sep 6, 2017 · 7:18 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 | Sep 1, 2017 | M | 2,875 | $0.00 | A | 4,662 | D | |
| Class A Common Stock | Sep 5, 2017 | S | 1,100 | $58.74 | D | 3,562 | D | |
| Class A Common StockF1 | Sep 5, 2017 | M | 20,000 | $0.00 | A | 23,562 | D | |
| Class A Common StockF5 | Sep 5, 2017 | S | 20,987 | $58.749 | D | 2,575 | D | |
| Class A Common StockF6 | Sep 5, 2017 | S | 800 | $59.42 | D | 1,775 | 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,F7 | — | Sep 1, 2017 | M | 2,250 | D | — | — | Class A Common Stock | 2,250 | 22,500 | D |
| Restricted Stock UnitsF1,F2,F8 | — | Sep 1, 2017 | M | 625 | D | — | — | Class A Common Stock | 625 | 8,750 | D |
| Stock Option (right to buy)F1,F9 | $25.70 | Sep 5, 2017 | M | 20,000 | D | — | Mar 2, 2026 | Class A Common Stock | 20,000 | 80,000 | 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 restricted stock vesting on September 1, 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 $58.2800 to $59.2600 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.
- F6The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.3500 to $59.4900 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.
- F7The Reporting Person vests ownership in the RSUs over four years, with 6.25% of the RSUs will 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.
- F8The Reporting Person vests ownership in the RSUs over four years, with 6.25% of the RSUs will vesting on June 1, 2017, and 1/16 of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.
- F9The option shares are fully vested and may be exercised at any time.