Gassner Peter P's Form 4 filing
Veeva Systems Inc (VEEV) · filed Jan 11, 2023
- Accession no.
- 0001628280-23-000911
- Filed
- Jan 11, 2023
- Trade date
- Jan 9, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 5 non-derivative transactions and 3 derivative transactions. Open-market sales total $207.1M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Gassner Peter PCIK 0001585821 | Director, Officer (Chief Executive Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 9, 2023 | Class A Common Stock | CConversionAcquired | +1,347,812 | $0.00 | $0 | 1,347,812 | Direct | |
| Jan 9, 2023 | Class A Common Stock | SSaleDisposed | −1,250,000 | $153.03F3 | −$191,287,500 | 97,812 | Direct | |
| Jan 9, 2023 | Class A Common Stock | SSaleDisposed | −52,724 | $161.47F4 | −$8,513,344.28 | 45,088 | Direct | |
| Jan 9, 2023 | Class A Common Stock | SSaleDisposed | −32,648 | $162.50F5 | −$5,305,300 | 12,440 | Direct | |
| Jan 9, 2023 | Class A Common Stock | SSaleDisposed | −12,440 | $163.41F6 | −$2,032,820.4 | 0 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 9, 2023 | Class B Common Stock | MOption exerciseDisposed | −1,347,812 | $0.00 | $0 | 1,404,458 | Direct | |
| Jan 9, 2023 | Class A Common Stock | MOption exerciseAcquired | +1,347,812 | $0.00 | $0 | 14,335,145 | Direct | |
| Jan 9, 2023 | Class A Common Stock | CConversionDisposed | −1,347,812 | $0.00 | $0 | 12,987,333 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F3
As contemplated pursuant to the Form 8-K filed by the Issuer with the Securities and Exchange Commission on September 26, 2022, the block sale of 1,250,000 shares was facilitated by a large financial institution pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
Referenced by the price of 1 transaction in Table I.
- F4
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $161.065 to $162.06 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F5
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $162.07 to $163.06 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F6
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.07 to $163.73 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 set forth in this footnote.
Referenced by the price of 1 transaction in Table I.