VEEVA SYSTEMS INC — Director's Dealing 2015

Dec 10, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VEEVA SYSTEMS INC (VEEV)
CIK: 0001393052
Period of Report: 2015-12-08

Reporting Person: Cabral Timothy S (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-08	Class A Common Stock	C	35000	$0.00	Acquired	35566	Direct
2015-12-08	Class A Common Stock	S	35000	$27.0218	Disposed	566	Direct
2015-12-09	Class A Common Stock	C	2500	$0.00	Acquired	3066	Direct
2015-12-09	Class A Common Stock	S	2500	$27.00	Disposed	566	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-08	Stock Option (right to purchase)	$3.92	M	35000	Disposed	2023-03-09	Class B Common Stock (35000)	Direct
2015-12-08	Class B Common Stock	$	A	35000	Acquired		Class A Common Stock (35000)	Direct
2015-12-08	Class B Common Stock	$	C	35000	Disposed		Class A Common Stock (35000)	Direct
2015-12-09	Stock Option (right to purchase)	$3.92	M	2500	Disposed	2023-03-09	Class B Common Stock (2500)	Direct
2015-12-09	Class B Common Stock	$	A	2500	Acquired		Class A Common Stock (2500)	Direct
2015-12-09	Class B Common Stock	$	C	2500	Disposed		Class A Common Stock (2500)	Direct

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.7700 to $27.2500 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2).

F3: The option shares are fully vested and may be exercised at any time.

F4: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, which occurs after the closing of the IPO, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation in effect after the closing of the IPO. All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock or (b) October 15, 2023.