SEC Form 4 · accession 0001127602-16-055926
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
Jun 16, 2016
Accepted (ET)
Jun 20, 2016 · 8:04 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 | Jun 16, 2016 | M | 12,500 | $27.0625 | A | 35,425,000 | D | |
| Common StockF1,F2 | Jun 16, 2016 | S | 12,500 | $81.0853 | D | 35,412,500 | D | |
| Common StockF1 | Jun 17, 2016 | M | 12,500 | $27.0625 | A | 35,425,000 | D | |
| Common StockF1,F3 | Jun 17, 2016 | S | 11,100 | $80.4634 | D | 35,413,900 | D | |
| Common StockF1 | Jun 17, 2016 | S | 1,400 | $81.37 | D | 35,412,500 | D | |
| Common StockF1 | Jun 20, 2016 | M | 12,500 | $27.0625 | A | 35,425,000 | D | |
| Common StockF1,F4 | Jun 20, 2016 | S | 12,500 | $81.7952 | D | 35,412,500 | 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,F5 | $27.0625 | Jun 16, 2016 | M | 12,500 | D | Nov 22, 2012 | Nov 22, 2016 | Common Stock | 12,500 | 987,500 | D |
| Non-qualified Stock Option (Right to Buy)F1,F5 | $27.0625 | Jun 17, 2016 | M | 12,500 | D | Nov 22, 2012 | Nov 22, 2016 | Common Stock | 12,500 | 975,000 | D |
| Non-qualified Stock Option (Right to Buy)F1,F5 | $27.0625 | Jun 20, 2016 | M | 12,500 | D | Nov 22, 2012 | Nov 22, 2016 | Common Stock | 12,500 | 962,500 | D |
Explanation of responses
- F1Pursuant to a 10b5-1 Plan.
- F2Weighted average price. These shares were sold in multiple transactions at prices ranging from $80.2400 to $81.7900 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 $80.1800 to $80.7600 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 $81.1400 to $82.2300 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.
- F5Option is exercisable and vests over four years at the rate of 25% on November 22, 2012, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months.