Workday, Inc. — Director's Dealing 2020

Oct 15, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Workday, Inc. (WDAY)
CIK: 0001327811
Period of Report: 2020-10-12

Reporting Person: Bozzini James (COO & Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-12	Class A Common Stock	S	2817	$225.4027	Disposed	160136	Direct
2020-10-12	Class A Common Stock	S	3439	$226.2062	Disposed	156697	Direct
2020-10-12	Class A Common Stock	S	2977	$227.4488	Disposed	153720	Direct
2020-10-12	Class A Common Stock	S	5052	$228.1719	Disposed	148668	Direct
2020-10-12	Class A Common Stock	S	665	$229.3096	Disposed	148003	Direct
2020-10-12	Class A Common Stock	S	50	$229.835	Disposed	147953	Direct
2020-10-12	Class A Common Stock	S	4730	$225.4031	Disposed	20270	Indirect
2020-10-12	Class A Common Stock	S	5773	$226.2059	Disposed	14497	Indirect
2020-10-12	Class A Common Stock	S	4981	$227.4484	Disposed	9516	Indirect
2020-10-12	Class A Common Stock	S	8329	$228.1718	Disposed	1187	Indirect
2020-10-12	Class A Common Stock	S	1103	$229.3111	Disposed	84	Indirect
2020-10-12	Class A Common Stock	S	84	$229.835	Disposed	0	Indirect
2020-10-12	Class A Common Stock	S	993	$225.4038	Disposed	49007	Indirect
2020-10-12	Class A Common Stock	S	1145	$226.2002	Disposed	47862	Indirect
2020-10-12	Class A Common Stock	S	975	$227.4489	Disposed	46887	Indirect
2020-10-12	Class A Common Stock	S	1648	$228.1764	Disposed	45239	Indirect
2020-10-12	Class A Common Stock	S	221	$229.3087	Disposed	45018	Indirect
2020-10-12	Class A Common Stock	S	18	$229.835	Disposed	45000	Indirect
2020-10-12	Class A Common Stock	S	990	$225.4033	Disposed	49010	Indirect
2020-10-12	Class A Common Stock	S	1146	$226.2014	Disposed	47864	Indirect
2020-10-12	Class A Common Stock	S	972	$227.448	Disposed	46892	Indirect
2020-10-12	Class A Common Stock	S	1655	$228.1774	Disposed	45237	Indirect
2020-10-12	Class A Common Stock	S	219	$229.3115	Disposed	45018	Indirect
2020-10-12	Class A Common Stock	S	18	$229.835	Disposed	45000	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person and his affiliated trusts.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $224.8100 to $225.8099, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., 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(s) set forth in this footnote of this Form 4.

F3: Includes 142,779 Restricted Stock Units (RSUs) that entitle the Reporting Person to receive one share of Class A Common Stock upon settlement, from original grants consisting of i) 66,302 RSUs with a grant date of 4/14/2017 which vested or will vest as to 25% of the underlying shares on 4/15/2018 and then quarterly thereafter; ii) 50,869 RSUs with a grant date of 4/15/2018 and 75,789 RSUs with a grant date of 4/15/2020, each of which vested or will vest as to 25% of the underlying shares on the one-year anniversary of grant then quarterly thereafter; and iii) 46,984 RSUs with a grant date of 4/22/2019, which vested or will vest as to 25% of the underlying shares on 4/15/2020 and then quarterly thereafter. All grants are subject to the Reporting Person's continued service with the Issuer on the applicable vesting dates.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $225.8100 to $226.8099, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., 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(s) set forth in this footnote of this Form 4.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $226.8100 to $227.8099, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., 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(s) set forth in this footnote of this Form 4.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $227.8100 to $228.8099, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., 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(s) set forth in this footnote of this Form 4.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $228.8100 to $229.8099, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., 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(s) set forth in this footnote of this Form 4.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $229.8100 to $230.8099, inclusive. The Reporting Person undertakes to provide to Workday, Inc., any security holder of Workday, Inc., 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(s) set forth in this footnote of this Form 4.

F9: The shares are held in a irrevocable charitable remainder unitrust. The unitrust is in the name of the Reporting Person and his spouse, both of whom are sole trustees and beneficiaries of the unitrust. The Reporting Person continues to report beneficial ownership of all of the Issuer's Class A Common Stock held by the trust but disclaims beneficial ownership except to the extent of his and his wife's pecuniary interest therein.

F10: The shares are held in a grantor retained annuity trust, of which the Reporting Person is the sole trustee, grantor, and recipient of annuity payments.

F11: The shares are held in a grantor retained annuity trust, of which the Reporting Person's spouse is the sole trustee, grantor, and recipient of annuity payments.