SEC Form 4 · accession 0001540041-16-000047
Guidewire Software, Inc. · GWRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marcus Ryu
Officer — CEO and President · Director
Period of report
Sep 1, 2016
Accepted (ET)
Sep 2, 2016 · 5:31 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 | Sep 1, 2016 | M | 20,000 | $7.50 | A | 20,000 | D | |
| Common StockF2 | Sep 1, 2016 | S | 5,000 | $61.3371 | D | 15,000 | D | |
| Common StockF2 | Sep 1, 2016 | S | 5,000 | $61.336 | D | 10,000 | D | |
| Common StockF2 | Sep 1, 2016 | S | 5,000 | $61.3357 | D | 5,000 | D | |
| Common StockF2 | Sep 1, 2016 | S | 5,000 | $61.3356 | D | 0 | 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)F3 | $7.50 | Sep 1, 2016 | M | 20,000 | D | — | Jul 21, 2021 | Common Stock | 20,000 | 102,683 | D |
Explanation of responses
- F1Automatic stock option exercise and same-day sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 14, 2016.
- F2The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $61.00 to $61.52 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.
- F3When both ISO and NQ Stock Options granted on July 21, 2011 are combined, they vest over four years of continuous service as follows: 1/48th of the underlying shares vest monthly following the vesting commencement date of July 21, 2011.