Michael George Rosenbaum - Dec 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
Dec 15, 2021
Transactions value $
-$628,286
Form type
4
Date filed
12/17/2021, 06:39 PM
Previous filing
Sep 21, 2021
Next filing
Mar 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWRE Common Stock Options Exercise $0 +4.61K +6.3% $0.00 77.7K Dec 15, 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +1.9K +2.45% $0.00 79.6K Dec 15, 2021 Direct
transaction GWRE Common Stock Options Exercise $0 +2.56K +3.21% $0.00 82.2K Dec 15, 2021 Direct
transaction GWRE Common Stock Sale -$628K -5.56K -6.76% $112.98 76.6K Dec 17, 2021 Direct F1

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 Restricted Stock Unit Options Exercise $0 -4.61K -12.5% $0.00 32.2K Dec 15, 2021 Common Stock 4.61K $0.00 Direct F2
transaction GWRE Restricted Stock Unit Options Exercise $0 -1.9K -8.33% $0.00 20.9K Dec 15, 2021 Common Stock 1.9K $0.00 Direct F3
transaction GWRE Performance Shares Options Exercise $0 -2.56K -12.5% $0.00 17.9K Dec 15, 2021 Common Stock 2.56K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold by Issuer to cover taxes associated with settlement of Restricted Stock Units.
F2 The Restricted Stock Units vest as follows: 1/4 of the units vest on September 15, 2020, and an additional 1/16 of the units vest quarterly thereafter, 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.
F4 On September 6, 2019, the Reporting Person was granted a target of 56,009 shares covered by restricted stock units with performance- and time-based vesting requirements. On September 9, 2020, the Compensation Committee of the Board of Directors determined that 73% of the performance-based conditions were met resulting in a reduction of 15,122 shares earned by the Reporting Person. The time-based vesting is: 1/4th on September 15, 2020, and 1/16th of the units vest quarterly thereafter subject to the Reporting Person's continued service to the Issuer.