New insider Van Wagener Brian claimed ownership of 4,677 shares (SEC Form 3)
$VEEV
Computer Software: Prepackaged Software
Technology
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 09/16/2024 |
3. Issuer Name and Ticker or Trading Symbol
VEEVA SYSTEMS INC [ VEEV ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Class A Common Stock | 4,677 | D | |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Stock Option (right to buy) | 08/01/2025(1) | 07/14/2034 | Class A Common Stock | 6,579 | $185.74 | D | |
| Stock Option (right to buy) | 08/01/2028(2) | 07/14/2034 | Class A Common Stock | 17,544 | $185.74 | D | |
| Restricted Stock Unit | (3) | (3) | Class A Common Stock | 2,193 | $0 | D | |
| Restricted Stock Unit | (4) | (4) | Class A Common Stock | 5,848 | $0 | D | |
| Explanation of Responses: |
| 1. The options were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan ("Plan"). The Reporting Person vests ownership in this option over four years, with 25% of the shares subject to the award vesting August 1, 2025, and 1/4 of the shares vesting on an annual basis thereafter, subject to continued service to the Issuer by the Reporting Person. |
| 2. The options were granted under the Plan. The Reporting Person vests 100% ownership in this option on August 1, 2028, subject to continued service to the Issuer by the Reporting Person. |
| 3. The RSUs were granted under the Plan. The Reporting Person vests ownership in the RSUs over 8-months, with 62.5% of the RSUs vesting on January 1, 2025, and 37.5% vesting on April 1, 2025, subject to continued service to the Issuer by the Reporting Person. |
| 4. The RSUs were granted under the Plan. The Reporting Person vests 100% ownership in the RSUs on August 1, 2028, subject to continued service to the Issuer by the Reporting Person. |
| Remarks: |
| /s/ Liang Dong, attorney-in-fact | 09/16/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||