0001628280-23-000911.txt : 20230111 0001628280-23-000911.hdr.sgml : 20230111 20230111170223 ACCESSION NUMBER: 0001628280-23-000911 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230109 FILED AS OF DATE: 20230111 DATE AS OF CHANGE: 20230111 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Gassner Peter P CENTRAL INDEX KEY: 0001585821 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36121 FILM NUMBER: 23524154 MAIL ADDRESS: STREET 1: C/O VEEVA SYSTEMS INC. STREET 2: 4280 HACIENDA DRIVE CITY: PLEASANTON STATE: CA ZIP: 94588 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: VEEVA SYSTEMS INC CENTRAL INDEX KEY: 0001393052 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 208235463 FISCAL YEAR END: 0131 BUSINESS ADDRESS: STREET 1: 4280 HACIENDA DRIVE CITY: PLEASANTON STATE: CA ZIP: 94588 BUSINESS PHONE: 925-264-8887 MAIL ADDRESS: STREET 1: 4280 HACIENDA DRIVE CITY: PLEASANTON STATE: CA ZIP: 94588 FORMER COMPANY: FORMER CONFORMED NAME: VERTICALS ONDEMAND INC DATE OF NAME CHANGE: 20070313 4 1 wf-form4_167347452664734.xml FORM 4 X0306 4 2023-01-09 0 0001393052 VEEVA SYSTEMS INC VEEV 0001585821 Gassner Peter P C/O VEEVA SYSTEMS INC. 4280 HACIENDA DRIVE PLEASANTON CA 94588 1 1 0 0 Chief Executive Officer Class A Common Stock 2023-01-09 4 C 0 1347812 0 A 1347812 D Class A Common Stock 2023-01-09 4 S 0 1250000 153.03 D 97812 D Class A Common Stock 2023-01-09 4 S 0 52724 161.4735 D 45088 D Class A Common Stock 2023-01-09 4 S 0 32648 162.499 D 12440 D Class A Common Stock 2023-01-09 4 S 0 12440 163.4066 D 0 D Class A Common Stock 41000 I By family member Class A Common Stock 41000 I By second family member Stock Option (right to buy) 3.92 2023-01-09 4 M 0 1347812 0 D 2023-03-09 Class B Common Stock 1347812.0 1404458 D Class B Common Stock 3.92 2023-01-09 4 M 0 1347812 0 A Class A Common Stock 1347812.0 14335145 D Class B Common Stock 2023-01-09 4 C 0 1347812 0 D Class A Common Stock 1347812.0 12987333 D Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. 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. 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. 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. 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. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. The option shares are fully vested and may be exercised at any time. Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, which occurs after the closing of the IPO, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation. All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock or (b) October 15, 2023. /s/ Jonathan Faddis, attorney-in-fact 2023-01-11