Michael George Rosenbaum - Jun 15, 2021 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Role
Chief Executive Officer, Director
Signature
By: Winston King, Attorney in Fact For: Michael George Rosenbaum
Stock symbol
GWRE
Transactions as of
Jun 15, 2021
Transactions value $
$0
Form type
4
Date filed
6/17/2021, 09:01 PM
Next filing
Jun 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Options Exercise $0 +9.06K +34.6% $0.00 35.3K Jun 15, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GWRE Performance Shares Options Exercise $0 -2.56K -3.28% $0.00 75.5K Jun 15, 2021 Common Stock 2.56K $0.00 Direct F1, F2
transaction GWRE Restricted Stock Unit Options Exercise $0 -4.61K -10% $0.00 41.5K Jun 15, 2021 Common Stock 4.61K $0.00 Direct F1
transaction GWRE Restricted Stock Unit Options Exercise $0 -1.9K -7.14% $0.00 24.7K Jun 15, 2021 Common Stock 1.9K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The grant consists of three separate issuances of Restricted Stock Units. The first is 73,696 units vesting as follows: 1/4th of the units vest on September 15, 2020, and 1/16th of the units vest quarterly thereafter. The second is 40,887 units, for which vesting was subject to the satisfaction of both performance-based conditions and timebased criteria. Attainment of performance-based conditions was determined by the Issuer based on results for FYE July 31, 2020, and the time-based vesting criteria are as follows: 1/4th of the units vested on September 15, 2020 and an additional 1/16th of the units will vest quarterly thereafter. The third consists of units for which vesting will be determined based on the Issuer's total shareholder return percentile ranking relative to a set peer group, over a three-year period ending on July 31, 2022.
F2 The number of shares reported in Column 9 of Table II represents the 2019 Performance Stock Unit ("PSU) and the Total Shareholder Return ("TSR") grants less the number of PSU shares vested as of this Transaction Date.
F3 The Restricted Stock Units vest as follows: 1/16th of the units vest quarterly commencing December 15, 2020, subject to the Reporting Person's continued service to the Issuer through each such vesting date.