SEC Form 4 · accession 0001635563-16-000035
Guidewire Software, Inc. · GWRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Hart
Officer — Chief Financial Officer
Period of report
Sep 15, 2016
Accepted (ET)
Sep 19, 2016 · 6:27 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 15, 2016 | M | 3,313 | $0.00 | A | 5,534 | D | |
| Common Stock | Sep 15, 2016 | M | 500 | $0.00 | A | 6,034 | D | |
| Common Stock | Sep 15, 2016 | M | 3,000 | $0.00 | A | 9,034 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1 | $0.00 | Sep 15, 2016 | M | 3,000 | D | — | Sep 3, 2025 | Common Stock | 3,000 | 9,000 | D |
| Restricted Stock UnitF2 | $0.00 | Sep 15, 2016 | M | 3,313 | D | — | Mar 5, 2025 | Common Stock | 3,313 | 33,125 | D |
| Restricted Stock UnitF1 | $0.00 | Sep 15, 2016 | M | 500 | D | — | Sep 3, 2025 | Common Stock | 500 | 6,000 | D |
Explanation of responses
- F1The grant consists of two separate issuances of Restricted Stock Units. One issuance consists of 8,000 units which vest as follows: 1/16th of the units vest quarterly commencing December 15, 2015, subject to the Reporting Person's continued service to the Issuer. The second issuance consists of 12,000 units, for which vesting is subject to the satisfaction of both performance-based conditions and time-based criteria. The performance-based conditions were previously deemed by the Issuer's Board of Directors to have been met and exceeded, and the time-based vesting criteria are as follows: 1/4th of the units vested on the one year anniversary of the vesting commencement date of September 15, 2015 and an additional 1/16th of the units will vest quarterly thereafter, subject to the Reporting Person's continued service to the Issuer.
- F2The Restricted Stock Units vest as follows: 1/4th of the units vest on the one year anniversary of the vesting commencement date of March 15, 2015 and an additional 1/16th of the units vest quarterly thereafter, subject to the Reporting Person's continuous service.