SEC Form 4 · accession 0001209191-19-018112
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
Mar 6, 2019
Accepted (ET)
Mar 8, 2019 · 4:32 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Mar 6, 2019 | C | 23,074 | $0.00 | A | 23,074 | D | |
| Class A Common StockF1 | Mar 6, 2019 | C | 20,000 | $0.00 | A | 43,074 | D | |
| Class A Common StockF3 | Mar 6, 2019 | S | 9,302 | $112.8884 | D | 33,772 | D | |
| Class A Common StockF4 | Mar 6, 2019 | S | 19,051 | $113.8181 | D | 14,721 | D | |
| Class A Common StockF5 | Mar 6, 2019 | S | 14,721 | $114.7936 | D | 0 | D | |
| Class A Common StockF1,F6 | Mar 6, 2019 | C | 5,691 | $0.00 | A | 5,691 | I | By TC 2013 Annuity Trust |
| Class A Common StockF7,F6 | Mar 6, 2019 | S | 2,691 | $112.9114 | D | 3,000 | I | By TC 2013 Annuity Trust |
| Class A Common StockF8,F6 | Mar 6, 2019 | S | 1,800 | $113.7078 | D | 1,200 | I | By TC 2013 Annuity Trust |
| Class A Common StockF9,F6 | Mar 6, 2019 | S | 1,200 | $114.9092 | D | 0 | I | By TC 2013 Annuity Trust |
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)F1,F10 | $3.92 | Mar 6, 2019 | M | 23,074 | D | — | Mar 9, 2023 | Class B Common Stock | 23,074 | 133,560 | D |
| Class B Common StockF1,F11 | — | Mar 6, 2019 | A | 23,074 | A | — | — | Class A Common Stock | 23,074 | 53,074 | D |
| Class B Common StockF1,F11 | — | Mar 6, 2019 | C | 23,074 | D | — | — | Class A Common Stock | 23,074 | 30,000 | D |
| Class B Common StockF1,F11 | — | Mar 6, 2019 | C | 20,000 | D | — | — | Class A Common Stock | 20,000 | 10,000 | D |
| Class B Common StockF1,F6,F11 | — | Mar 6, 2019 | C | 5,691 | D | — | — | Class A Common Stock | 5,691 | 0 | I |
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.
- F10The option shares are fully vested and may be exercised at any time.
- F11Each 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.
- F2The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F3The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.2550 to $113.2300 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.
- F4The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.2700 to $114.2600 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.
- F5The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.2800 to $115.1200 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.
- F6Shares held by the TC 2013 Annuity Trust (the "TC Trust"). The Reporting Person is a trustee and beneficiary of the TC Trust and may be deemed to share voting and dispositive power with regard to the reported shares held by the TC Trust.
- F7The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.4100 to $113.4000 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.
- F8The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.4100 to $114.1200 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.
- F9The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.5800 to $115.0700 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.