SEC Form 4 · accession 0001127602-15-026941
Salesforce, Inc. · CRM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc Benioff
Officer — Chairman of the Board & CEO · Director
Period of report
Sep 9, 2015
Accepted (ET)
Sep 11, 2015 · 7:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001108524
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 9, 2015 | M | 12,500 | $35.625 | A | 37,675,000 | D | |
| Common StockF1,F2 | Sep 9, 2015 | S | 8,000 | $69.445 | D | 37,667,000 | D | |
| Common StockF1,F3 | Sep 9, 2015 | S | 3,900 | $70.2988 | D | 37,663,100 | D | |
| Common StockF1,F4 | Sep 9, 2015 | S | 600 | $71.1217 | D | 37,662,500 | D | |
| Common StockF1 | Sep 10, 2015 | M | 12,500 | $35.625 | A | 37,675,000 | D | |
| Common StockF1,F5 | Sep 10, 2015 | S | 12,500 | $69.5769 | D | 37,662,500 | D | |
| Common StockF1 | Sep 11, 2015 | M | 12,500 | $35.625 | A | 37,675,000 | D | |
| Common StockF1,F6 | Sep 11, 2015 | S | 10,500 | $69.5748 | D | 37,664,500 | D | |
| Common StockF1,F7 | Sep 11, 2015 | S | 2,000 | $70.0166 | D | 37,662,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (Right to Buy)F1,F8 | $35.625 | Sep 9, 2015 | M | 12,500 | D | Nov 23, 2011 | Nov 23, 2015 | Common Stock | 12,500 | 262,500 | D |
| Non-qualified Stock Option (Right to Buy)F1,F8 | $35.625 | Sep 10, 2015 | M | 12,500 | D | Nov 23, 2011 | Nov 23, 2015 | Common Stock | 12,500 | 250,000 | D |
| Non-qualified Stock Option (Right to Buy)F1,F8 | $35.625 | Sep 11, 2015 | M | 12,500 | D | Nov 23, 2011 | Nov 23, 2015 | Common Stock | 12,500 | 237,500 | D |
Explanation of responses
- F1Pursuant to a 10b5-1 Plan.
- F2Weighted average price. These shares were sold in multiple transactions at prices ranging from $68.8900 to $69.8615 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 above.
- F3Weighted average price. These shares were sold in multiple transactions at prices ranging from $69.9112 to $70.8400 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 above.
- F4Weighted average price. These shares were sold in multiple transactions at prices ranging from $70.9000 to $71.3100 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 above.
- F5Weighted average price. These shares were sold in multiple transactions at prices ranging from $68.9800 to $69.9400 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 above.
- F6Weighted average price. These shares were sold in multiple transactions at prices ranging from $68.9800 to $69.9700 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 above.
- F7Weighted average price. These shares were sold in multiple transactions at prices ranging from $69.9800 to $70.0700 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 above.
- F8Option is exercisable and vests over four years at the rate of 25% on November 23, 2011, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months.