SEC Form 4 · accession 0001127602-16-053308
Salesforce, Inc. · CRM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith Block
Officer — President and Vice Chairman · Director
Period of report
May 24, 2016
Accepted (ET)
May 24, 2016 · 8:08 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 | May 24, 2016 | M | 10,000 | $37.95 | A | 10,000 | D | |
| Common StockF1,F2 | May 24, 2016 | S | 10,000 | $82.4677 | D | 0 | 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,F3 | $37.95 | May 24, 2016 | M | 10,000 | D | Jun 5, 2014 | Jun 5, 2018 | Common Stock | 10,000 | 933,394 | D |
Explanation of responses
- F1Pursuant to a 10b5-1 Plan.
- F2Weighted average price. These shares were sold in multiple transactions at prices ranging from $81.92 to $82.91 inclusive. The reporting person undertakes to provide 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.
- F3Option is exercisable and vests over four years at the rate of 25% on June 5, 2015, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months.