Priscilla Hung - 15 Dec 2021 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Role: President & COO
Signature: By: Winston King, Attorney-in-Fact for Priscilla Hung
Issuer symbol: GWRE
Transactions as of: 15 Dec 2021
Net transactions value: -$269,572
Form type: 4
Filing time: 17 Dec 2021, 18:38:21 UTC
Previous filing: 05 Oct 2021
Next filing: 20 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GWRE	Common Stock	Options Exercise	$0	+379	+1.6%	$0.000000	24,230	15 Dec 2021	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+342	+1.4%	$0.000000	24,572	15 Dec 2021	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+562	+2.3%	$0.000000	25,134	15 Dec 2021	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+651	+2.6%	$0.000000	25,785	15 Dec 2021	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+781	+3%	$0.000000	26,566	15 Dec 2021	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+937	+3.5%	$0.000000	27,503	15 Dec 2021	Direct
transaction	GWRE	Common Stock	Sale	$269,572	-2,386	-8.7%	$112.98	25,117	17 Dec 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GWRE	Performance Shares	Options Exercise	$0	-379	-25%	$0.000000	1,139	15 Dec 2021	Common Stock	379	$0.000000	Direct	F2
transaction	GWRE	Performance Shares	Options Exercise	$0	-342	-13%	$0.000000	2,393	15 Dec 2021	Common Stock	342	$0.000000	Direct	F3
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-562	-25%	$0.000000	1,688	15 Dec 2021	Common Stock	562	$0.000000	Direct	F4
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-651	-14%	$0.000000	3,906	15 Dec 2021	Common Stock	651	$0.000000	Direct	F5
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-781	-12%	$0.000000	5,469	15 Dec 2021	Common Stock	781	$0.000000	Direct	F6
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-937	-8.3%	$0.000000	10,313	15 Dec 2021	Common Stock	937	$0.000000	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares sold by Issuer to cover taxes associated with settlement of Restricted Stock Units.
F2	On September 12, 2018, the Reporting Person was granted a target of 5,400 shares covered by restricted stock units with performance- and time-based vesting requirements. On September 6, 2019, the Compensation Committee of the Board of Directors determined that 112.5% of the performance-based conditions were met resulting in an additional 673 shares earned by the Reporting Person. The time-based vesting is: 1/4th on September 15, 2019, and 1/16th quarterly thereafter, subject to the Reporting Person's continued service to the Issuer.
F3	On September 6, 2019, the Reporting Person was granted a target of 7,500 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 2,025 shares earned by the Reporting Person. The time-based vesting is: 1/4th vest on September 15, 2020, and 1/16th of the units vest quarterly thereafter, subject to the Reporting Person's continued service to the Issuer.
F4	The Restricted Stock Units vests as follows: 1/16th of the units vest quarterly commencing December 15, 2018, subject to the Reporting Person's continued service to the Issuer.
F5	The Restricted Stock Units vest as follows: 1/16th of the units vest quarterly commencing September 15, 2019, subject to the Reporting Person's continued service to the Issuer.
F6	The Restricted Stock Units vests as follows: 1/16th of the units vest quarterly commencing December 15, 2019, subject to the Reporting Person's continued service to the Issuer.
F7	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.