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Guidewire Software, Inc. — Director's Dealing 2021
Dec 18, 2021
30303_dirs_2021-12-17_9a1efb5b-9b24-46d5-8a31-e23b99458663.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Guidewire Software, Inc. (GWRE)
CIK: 0001528396
Period of Report: 2021-12-15
Reporting Person: Rosenbaum Michael George (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-12-15 | Common Stock | M | 4606 | — | Acquired | 77745 | Direct |
| 2021-12-15 | Common Stock | M | 1902 | — | Acquired | 79647 | Direct |
| 2021-12-15 | Common Stock | M | 2556 | — | Acquired | 82203 | Direct |
| 2021-12-17 | Common Stock | S | 5561 | $112.9807 | Disposed | 76642 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-12-15 | Restricted Stock Unit | $0.0 | M | 4606 | Disposed | 2029-09-06 | Common Stock (4606.0) | Direct |
| 2021-12-15 | Restricted Stock Unit | $0.0 | M | 1902 | Disposed | Common Stock (1902.0) | Direct | |
| 2021-12-15 | Performance Shares | $0.0 | M | 2556 | Disposed | 2029-09-06 | Common Stock (2556.0) | Direct |
Footnotes
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.