Priscilla Hung - 15 Mar 2022 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 Mar 2022
Transactions value $: $0
Form type: 4
Filing time: 15 Mar 2022, 17:17:46 UTC
Previous filing: 03 Mar 2022
Next filing: 18 Mar 2022
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	+380	+1.7%	$0	23,057	15 Mar 2022	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+342	+1.5%	$0	23,399	15 Mar 2022	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+563	+2.4%	$0	23,962	15 Mar 2022	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+651	+2.7%	$0	24,613	15 Mar 2022	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+781	+3.2%	$0	25,394	15 Mar 2022	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+938	+3.7%	$0	26,332	15 Mar 2022	Direct

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	-380	-33%	$0	759	15 Mar 2022	Common Stock	380	$0	Direct	F1
transaction	GWRE	Performance Shares	Options Exercise	$0	-342	-14%	$0	2,051	15 Mar 2022	Common Stock	342	$0	Direct	F2
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-563	-33%	$0	1,125	15 Mar 2022	Common Stock	563	$0	Direct	F3
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-651	-17%	$0	3,255	15 Mar 2022	Common Stock	651	$0	Direct	F4
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-781	-14%	$0	4,688	15 Mar 2022	Common Stock	781	$0	Direct	F5
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-938	-9.1%	$0	9,375	15 Mar 2022	Common Stock	938	$0	Direct	F6

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

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	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.
F4	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.
F5	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.
F6	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.