Frank E. ODowd JR - Sep 15, 2021 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Role
Chief Sales Officer
Signature
By: Winston King Attorney in Fact for Frank E ODowd JR
Stock symbol
GWRE
Transactions as of
Sep 15, 2021
Transactions value $
$0
Form type
4
Date filed
9/17/2021, 09:43 PM
Previous filing
Sep 16, 2021
Next filing
Sep 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Options Exercise $0 +6.05K +24.54% $0.00 30.7K Sep 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 -2.03K -17.01% $0.00 9.92K Sep 15, 2021 Common Stock 2.03K Direct F1, F2
transaction GWRE Restricted Stock Unit Options Exercise $0 -3.28K -8.33% $0.00 36.1K Sep 15, 2021 Common Stock 3.28K Direct F1, F3
transaction GWRE Restricted Stock Unit Options Exercise $0 -732 -7.7% $0.00 8.78K Sep 15, 2021 Common Stock 732 $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit or performance stock unit represents a contingent right to receive one share of the Issuer's common stock.
F2 These performance stock units are split in two halves, with vesting of each subject to the satisfaction of both performance- and time-based conditions. Performance-based conditions will be satisfied if financial targets, determined by the Issuer, are met for fiscal year 2021 for the first half and fiscal year 2023 for the second half. If the performance-based conditions for fiscal year 2021 are achieved, then the first half will vest based on performance with the following timing: 16.6% will vest on each of September 15, 2021, September 15, 2022, and September 15, 2023, subject to the Reporting Person's continued service to the Issuer. The second half will vest on September 15, 2023 based on achievement under the performance-based conditions for fiscal year 2023, subject to the Reporting Person's continued service to the Issuer.
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.
F4 The Restricted Stock Units vests as follows: 25% of the units vest on the first anniversary of the vesting commencement date of June 15, 2020 and an additional 1/16th of the units vest quarterly thereafter, subject to the Reporting Person's continued service to the Issuer as of each such date.