Home > Insider Trading > Filing (0001540041-20-000024)

Filing Details

Accession Number:: 0001540041-20-000024
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-09-17 20:42:14
Reporting Period:: 2020-09-15

Accepted Time:: 2020-09-17 20:42:14
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1528396	Guidewire Software Inc.	GWRE	Services-Prepackaged Software (7372)	364468504

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1540041	Marcus Ryu	2850 South Delaware St., Suite 400 San Mateo CA 94403		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-09-15	46,839	$0.00	50,986	No	4	M	Direct
Common Stock	Disposition	2020-09-17	23,391	$105.29	27,595	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance Shares	Disposition	2020-09-15	2,408	$0.00	2,408	$0.00
Common Stock	Performance Shares	Disposition	2020-09-15	9,163	$0.00	9,163	$0.00
Common Stock	Performance Shares	Disposition	2020-09-15	22,909	$0.00	22,909	$0.00
Common Stock	Performance Shares	Disposition	2020-09-15	3,417	$0.00	3,417	$0.00
Common Stock	Performance Shares	Disposition	2020-09-15	2,305	$0.00	2,305	$0.00
Common Stock	Restricted Stock Unit	Disposition	2020-09-15	2,611	$0.00	2,611	$0.00
Common Stock	Restricted Stock Unit	Disposition	2020-09-15	1,977	$0.00	1,977	$0.00
Common Stock	Restricted Stock Unit	Disposition	2020-09-15	2,049	$0.00	2,049	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
15,487	2026-09-16	No	4	M	Direct
48,166	2027-09-12	No	4	M	Direct
25,257	2027-09-12	No	4	M	Direct
21,840	2027-09-12	No	4	M	Direct
0	2028-09-12	No	4	M	Direct
0	2026-09-16	No	4	M	Direct
7,910	2027-09-12	No	4	M	Direct
0	2028-09-12	No	4	M	Direct

Footnotes

Shares sold by Issuer to cover taxes associated with settlement of Restricted Stock Units.
The sale price reported in column 4 of Table 1 represents the average sale price of the shares sold ranging from $105.2921 to $105.2926 per share. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
The grant consists of four separate issuances of Restricted Stock Units, each with vesting subject to the Reporting Person's continued service to the Issuer. The first is 41,771 units vesting as follows: 1/16th of the units vest quarterly commencing December 15, 2016. The second is 38,529 units, for which vesting was subject to the satisfaction of both performance-based conditions and time-based criteria. The performance-based conditions were deemed met and exceeded by the Issuer's Board of Directors, and the time-based vesting criteria are as follows: 1/4th of the units vested on September 15, 2017 and an additional 1/16th of the units will vest quarterly thereafter. The third and fourth previously described TSR grants have vested according to their terms and conditions.
Shares are adjusted based on the attainment of the performance-based conditions as determined by the Issuer's Board of Directors based on the Company's results FYE July 31, 2016, and July 31, 2019.
The actual number of Performance Restricted Stock Units ("TSRs") earned based on the Issuer's total shareholder return percentile ranking relative to the companies in the S&P Software and Services Select Industry Index for a three-year cumulative performance period commencing August 1, 2017 and ending July 31, 2020, as affirmed by the Issuer's board of directors. All earned TSRs vested on September 15, 2020, subject to the Reporting Person's continued service to the Issuer.
The number of shares reported in Column 9 of Table II represents the 2017 Performance Stock Unit ("PSU") and the Total Shareholder Return ("TSR") grants less the number of PSU and TSR shares vested as of this Transaction Date.
The actual number of Performance Restricted Stock Units ("TSRs") earned is based on (i) the Issuer's total shareholder return percentile ranking relative to the companies in the S&P Software and Services Select Industry Index for a three-year cumulative performance period commencing August 1, 2017 and ending July 31, 2020 and (ii) the attainment of certain financial targets for Issuer's 2018 fiscal year, as affirmed by the Issuer's board of directors. All earned TSRs vested on September 15, 2020, subject to the Reporting Person's continued service to the Issuer.
The grant consists of four separate issuances of Restricted Stock Units, each with vesting subject to the Reporting Person's continued service to the Issuer. The first is 31,638 units vesting as follows: 1/16th of the units vest quarterly commencing December 15, 2017. The second is 54,668 units, for which vesting was subject to the satisfaction of both performance-based conditions and time-based criteria. The performance-based conditions were deemed met and exceeded by the Issuer's Board of Directors, and the time-based vesting criteria are as follows: 1/4th of the units vested on September 15, 2018 and an additional 1/16th of the units will vest quarterly thereafter. The third and fourth consist of units for which vesting will be determined based on (i) the Issuer's total shareholder return percentile ranking relative to a set peer group, over a three year period ending on July 31, 2020 and (ii) attainment of certain financial targets by Issuer over the same period.
The grant consists of two separate issuances of Restricted Stock Units, each with vesting subject to the Reporting Person's continued service to the Issuer. The first is 16,392 units vesting as follows: 1/8th of the units vest quarterly commencing December 15, 2018. The second is 18,441 units, for which vesting was subject to the satisfaction of both performance-based conditions and time-based criteria. The performance-based conditions were deemed met and exceeded by the Issuer's Board of Directors, and the time-based vesting criteria are as follows: 1/2 of the units vested on September 15, 2019 and an additional 1/8th of the units will vest quarterly thereafter.