SEC Form 4 · accession 0001609633-15-000016
Guidewire Software, Inc. · GWRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Polelle
Officer — Chief Delivery Officer
Period of report
Sep 14, 2015
Accepted (ET)
Sep 16, 2015 · 5:40 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 14, 2015 | M | 71 | $36.54 | A | 71 | D | |
| Common Stock | Sep 14, 2015 | M | 136 | $36.54 | A | 207 | D | |
| Common StockF2 | Sep 14, 2015 | S | 207 | $52.0027 | D | 0 | D | |
| Common Stock | Sep 15, 2015 | M | 1,875 | $0.00 | A | 1,875 | D | |
| Common Stock | Sep 15, 2015 | F | 656 | $51.78 | D | 1,219 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to buy)F4 | $36.54 | Sep 14, 2015 | M | 136 | D | — | Jun 4, 2024 | Common Stock | 136 | 6,245 | D |
| Non-Qualified Stock Option (right to buy)F4 | $36.54 | Sep 14, 2015 | M | 71 | D | — | Jun 4, 2024 | Common Stock | 71 | 215 | D |
| Restricted Stock UnitF5 | $0.00 | Sep 15, 2015 | M | 1,875 | D | — | Jun 4, 2024 | Common Stock | 1,875 | 20,625 | D |
Explanation of responses
- F1Automatic option exercise and same day sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2015.
- F2The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $51.65 to $52.37 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.
- F3Shares withheld by Issuer to cover taxes associated with settlement of Restricted Stock Units.
- F4When both ISO and NQ Stock Options granted on June 4, 2014 are combined, they vest over four years of continuous service as follows: 1/4th of the underlying shares vest on the one year anniversary of the vesting commencement date of April 14, 2014 and an additional 1/48th of the underlying shares vest monthly thereafter.
- F5The Restricted Stock Units vest as follows: 1/4th of the units vest on the one year anniversary of the vesting commencement date of June 15, 2014 and an additional 1/16th of the units vest quarterly thereafter, subject to the Reporting Person's continued service to the Issuer through each such vesting date.