SEC Form 4 · accession 0001609633-17-000024
Guidewire Software, Inc. · GWRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ali Kheirolomoom
Officer — Chief Product Officer
Period of report
Jun 19, 2017
Accepted (ET)
Jun 21, 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 | Jun 19, 2017 | S | 2,087 | $67.194 | D | 3,644 | D | |
| Common Stock | Jun 20, 2017 | M | 1,062 | $53.04 | A | 4,706 | D | |
| Common StockF3 | Jun 20, 2017 | S | 1,062 | $66.6942 | D | 3,644 | D | |
| Common StockF3 | Jun 20, 2017 | S | 3,380 | $66.663 | D | 264 | 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)F5 | $53.04 | Jun 20, 2017 | M | 471 | D | — | Mar 5, 2025 | Common Stock | 471 | 2,828 | D |
| Non-Qualified Stock Option (right to buy)F5 | $53.04 | Jun 20, 2017 | M | 591 | D | — | Mar 5, 2025 | Common Stock | 591 | 3,548 | D |
Explanation of responses
- F1Shares sold by Issuer to cover taxes associated with settlement of Restricted Stock Units.
- F2Automatic stock option exercise and sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 5, 2017.
- F3The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $66.60 to $67.00 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.
- F4Automatic sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 5, 2017.
- F5When both ISO and NQ Stock Options granted on March 5, 2015 are combined, they vest over four years as follows: 1/4th of the underlying shares vest on the one year anniversary of the vesting commencement date of December 8, 2014 and an additional 1/48th of the underlying shares vest monthly thereafter, subject to the Reporting Person's continuous service.