VEEVA SYSTEMS INC — Director's Dealing 2020

Jan 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VEEVA SYSTEMS INC (VEEV)
CIK: 0001393052
Period of Report: 2020-01-01

Reporting Person: Schwenger Thomas D. (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-01	Class A Common Stock	M	2333	$0.00	Acquired	2333	Direct
2020-01-03	Class A Common Stock	S	687	$141.1606	Disposed	1646	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-01	Restricted Stock Units	$	M	2333	Disposed		Class A Common Stock (2333)	Direct

Footnotes

F1: Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.

F2: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.

F3: The sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person and were made to cover taxes associated with restricted stock vesting on January 1, 2020.

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $141.1600 to $141.2200 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.

F5: On September 18, 2019, the Reporting Person was granted 14000 RSUs under the Issuer's 2013 Equity Incentive Plan, of which 16.666% of the RSUs vested on January 1, 2020, with 16.666% of the remaining RSUs vesting for each quarter of continuous service to the Issuer by the Reporting Person after January 1, 2020.