Sec Form 13G Filing - Gassner Peter P filing for VEEVA SYSTEMS INC (VEEV) - 2021-02-10

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7)*


Veeva Systems Inc.
(Name of Issuer)
 
Class A Common Stock
(Title of Class of Securities)
 
922475108
(CUSIP Number)
 
December 31, 2020
(Date of Event Which Requires Filing of This Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
*    The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






(1)
Names of reporting persons
Peter P. Gassner

(2)
Check the appropriate box if a member of a group (see instructions)
 
(a) ☐ (b) ☐
(3)
SEC use only
 

(4)
Citizenship or place of organization
USA

Number of(5)
Sole voting power
13,901,060(1)(2)

shares
beneficially
owned by
(6)
Shared voting power
3,167,333(1)(3)

each
reporting
person
(7)
Sole dispositive power
13,901,060(1)(2)

with:(8)
Shared dispositive power
3,167,333(1)(3)

(9)
Aggregate amount beneficially owned by each reporting person
17,068,393(1)(2)(3)

(10)
Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
 
☐
(11)
Percent of class represented by amount in Row (9)
11.0%(1)(2)(3)(4)

(12)
Type of reporting person (see instructions)
IN


(1)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. 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, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation in effect as of the date hereof. 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.
(2)Includes (i) 10,000,000 shares of Class B Common Stock held directly by the Reporting Person, (ii) 3,333,333 shares of Class B Common Stock issuable to the Reporting Person pursuant to options exercisable within 60 days of December 31, 2020, and (iii) 567,727 shares of Class A Common Stock issuable to the Reporting Person pursuant to options exercisable within 60 days of December 31, 2020.
(3)Represents 3,126,333 shares of Class B Common Stock held by the Reporting Person and Piyajit Gassner as Community Property and 41,000 shares of Class A Common Stock held by a family member.
(4)The percentage in row 11 assumes the conversion of all Class B Common Stock. Based on 136,760,508 shares of Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting


Person, and in the event that only the Reporting Person’s shares were converted into Class A Common Stock, the percentage in row 11 would equal 11.1%.




 Item 1(a)
Name of Issuer: 
Veeva Systems Inc. 
 
Item 1(b)
Address of Issuer’s Principal Executive Offices: 
4280 Hacienda Drive 
Pleasanton, CA 94588 
 
Item 2(a)
Name of Person Filing: 
Peter P. Gassner
 
the “Reporting Person.” 
 
Item 2(b)
Address of Principal Business Office or, If None, Residence 
c/o Veeva Systems Inc. 
4280 Hacienda Drive 
Pleasanton, CA 94588 
 
Item 2(c)
Citizenship: 
USA 
 
Item 2(d)
Title of Class of Securities: 
Class A Common Stock 
 
Item 2(e)
CUSIP Number: 
922475108
 
Item 3.
If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: 
 
(a) ¨Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o)
 
(b) ¨Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
 
(c) ¨Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
 
(d) ¨Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
 
(e) ¨An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
 
(f) ¨An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);
 


(g) ¨A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);
 
(h) ¨A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
(i) ¨A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
(j) ¨A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);
 
(k) ¨Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J), please specify the type of institution:
 
     Not applicable.
 



Item 4.
Ownership 
(a)Amount Beneficially Owned: 17,068,393 shares (1)(2)
(b)Percent of Class: 11.0% (1)(2)(3) 
(c)Number of shares as to which the person has: 
(i)Sole power to vote or direct the vote: 13,901,060 shares
(ii)Shared power to vote or direct the vote: 3,167,333 shares
(iii)Sole power to dispose or to direct the disposition of: 13,901,060 shares
(iv)Shared power to dispose or to direct the disposition of: 3,167,333 shares
(1)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. 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, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation in effect as of the date hereof. 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.
(2)Includes (i) 10,000,000 shares of Class B Common Stock held directly by the Reporting Person, (ii) 3,333,333 shares of Class B Common Stock issuable to the Reporting Person pursuant to options exercisable within 60 days of December 31, 2020, (iii) 567,727 shares of Class A Common Stock issuable to the Reporting Person pursuant to options exercisable within 60 days of December 31, 2020, (iv) 3,126,333 shares of Class B Common Stock held by the Reporting Person and Piyajit Gassner as Community Property, and (v) 41,000 shares of Class A Common Stock held by a family member.
(3)The percentage in Item 4(b) assumes the conversion of all Class B Common Stock. Based on 136,760,508 shares of Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, and in the event that only the Reporting Person’s shares were converted into Class A Common Stock, the percentage in Item 4(b) would equal 11.1%.
Item 5.
Ownership of Five Percent or Less of a Class 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner or more than five percent of the class of securities, check the following box: ¨
 
Item 6.
Ownership of More Than Five Percent on Behalf of Another Person 
Not applicable. 
 
Item 7.
Identification and Classification of Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
Not applicable. 
 
Item 8.
Identification and Classification of Members of the Group 
Not applicable. 
 
Item 9.
Notice of Dissolution of Group 
Not applicable. 
 


Item 10.
Certifications 
Not applicable. 
 
 



SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Dated: February 10, 2021Peter P. Gassner
By:/s/ Peter P. Gassner