Michael Polelle - 15 Mar 2022 Form 4 Insider Report for Guidewire Software, Inc. (GWRE)

Role: Chief Delivery Officer
Signature: By: Winston King, Attorney-in-Fact for Michael Polelle
Issuer symbol: GWRE
Transactions as of: 15 Mar 2022
Transactions value $: $0
Form type: 4
Date filed: 15 Mar 2022, 17:18
Previous filing: 20 Dec 2021
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	+212	+2.81%	$0.00	7.75K	15 Mar 2022	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+137	+1.77%	$0.00	7.88K	15 Mar 2022	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+313	+3.97%	$0.00	8.2K	15 Mar 2022	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+313	+3.82%	$0.00	8.51K	15 Mar 2022	Direct
transaction	GWRE	Common Stock	Options Exercise	$0	+375	+4.41%	$0.00	8.89K	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	-212	-33.44%	$0.00	422	15 Mar 2022	Common Stock	212	$0.00	Direct	F1
transaction	GWRE	Performance Shares	Options Exercise	$0	-137	-14.33%	$0.00	819	15 Mar 2022	Common Stock	137	$0.00	Direct	F2
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-313	-33.37%	$0.00	625	15 Mar 2022	Common Stock	313	$0.00	Direct	F3
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-313	-14.31%	$0.00	1.88K	15 Mar 2022	Common Stock	313	$0.00	Direct	F4
transaction	GWRE	Restricted Stock Unit	Options Exercise	$0	-375	-9.09%	$0.00	3.75K	15 Mar 2022	Common Stock	375	$0.00	Direct	F5

* 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 3,000 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 376 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 3,000 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 810 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 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.
F5	The Restricted Stock Units vests as follows: 1/16th of the units vest quarterly commencing December 15, 2020, subject to the Reporting Person's continued service to the Issuer.