SEC Form 4 · accession 0001209191-18-003416
VEEVA SYSTEMS INC · VEEV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter P Gassner
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Jan 10, 2018
Accepted (ET)
Jan 12, 2018 · 4:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001393052
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $60.00 | Jan 10, 2018 | A | 2,128,975 | A | — | Jan 9, 2028 | Class A Common Stock | 2,128,975 | 2,128,975 | D |
| Stock Option (right to buy)F2,F3 | $60.00 | Jan 10, 2018 | A | 177,415 | A | — | Jan 9, 2028 | Class A Common Stock | 177,415 | 2,306,390 | D |
| Stock Option (right to buy)F2,F4 | $60.00 | Jan 10, 2018 | A | 177,415 | A | — | Jan 9, 2028 | Class A Common Stock | 177,415 | 2,483,805 | D |
| Stock Option (right to buy)F2,F5 | $60.00 | Jan 10, 2018 | A | 177,415 | A | — | Jan 9, 2028 | Class A Common Stock | 177,415 | 2,661,220 | D |
| Stock Option (right to buy)F2,F6 | $60.00 | Jan 10, 2018 | A | 177,415 | A | — | Jan 9, 2028 | Class A Common Stock | 177,415 | 2,838,635 | D |
Explanation of responses
- F1The option vests and becomes exercisable in 60 equal installments between February 1, 2020 and February 1, 2025, subject to the reporting person's continued service as the Issuer's Chief Executive Officer.
- F2Each option is subject to the same service-based vesting schedule described in Footnote 1 above and is additionally subject to a stock price appreciation target which must be sustained for at least 60 consecutive trading days. Each option becomes vested and exercisable only once the service-based vesting condition is satisfied and the applicable stock price appreciation target is achieved.
- F3The applicable stock price appreciation target is $90/share.
- F4The applicable stock price appreciation target is $100/share.
- F5The applicable stock price appreciation target is $110/share.
- F6The applicable stock price appreciation target is $120/share.