SEC Form 4 · accession 0001228620-17-000002
Guidewire Software, Inc. · GWRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clifton Thomas Weatherford
Director
Period of report
Apr 5, 2017
Accepted (ET)
Apr 6, 2017 · 5:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001528396
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 5, 2017 | M | 4,308 | $45.80 | A | 29,255 | D | |
| Common Stock | Apr 5, 2017 | S | 4,308 | $59.4593 | D | 24,947 | D | |
| Common Stock | Apr 5, 2017 | S | 692 | $59.5373 | D | 24,255 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F2 | $45.80 | Apr 5, 2017 | M | 4,308 | D | — | Dec 5, 2023 | Common Stock | 4,308 | 0 | D |
Explanation of responses
- F1The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $59.52 to $59.55 per share. The Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F2These stock options vest over 12 months of continuous service as follows: 1/12th of the underlying options vest monthly following the vesting commencement date of December 5, 2013. However, if the Reporting Person's term of board service ends at the next annual meeting of stockholders and the Reporting Person does not stand for reelection but remains in service through such annual meeting of stockholders, then the Reporting Person shall vest in all underlying options at the time of the next annual shareholder meeting if such meeting occurs before December 5, 2014.