SEC Form 4 · accession 0001609633-17-000004
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
Mar 16, 2017
Accepted (ET)
Mar 20, 2017 · 5:44 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 | Mar 16, 2017 | M | 625 | $36.54 | A | 4,141 | D | |
| Common Stock | Mar 16, 2017 | S | 625 | $57.82 | D | 3,516 | D | |
| Common Stock | Mar 17, 2017 | S | 109 | $56.48 | D | 3,407 | D | |
| Common Stock | Mar 17, 2017 | S | 186 | $56.4803 | D | 3,221 | D | |
| Common Stock | Mar 17, 2017 | S | 726 | $56.4806 | D | 2,495 | D | |
| Common Stock | Mar 17, 2017 | S | 284 | $56.4809 | D | 2,211 | 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)F3 | $36.54 | Mar 16, 2017 | M | 625 | D | — | Jun 4, 2024 | Common Stock | 625 | 2,709 | D |
Explanation of responses
- F1Automatic option exercise and sale pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 22, 2016.
- F2Shares sold by Issuer to cover taxes associated with settlement of Restricted Stock Units.
- F3When 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.