SEC Form 4 · accession 0001557593-15-000004
Guidewire Software, Inc. · GWRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Priscilla Hung
Officer — Chief Administrative Officer
Period of report
Feb 23, 2015
Accepted (ET)
Feb 24, 2015 · 6:38 pm EST
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 | Feb 23, 2015 | M | 625 | $7.50 | A | 625 | D | |
| Common StockF2 | Feb 23, 2015 | S | 625 | $54.8676 | 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 | Feb 23, 2015 | M | 625 | D | — | Jul 21, 2021 | Common Stock | 625 | 3,125 | D |
Explanation of responses
- F1Automatic stock option exercise and same-day sale pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 13, 2013 and amended September 29, 2014.
- F2The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $54.61 to $55.05 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.