SEC Form 4 · accession 0001127602-16-056401
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 23, 2016
Accepted (ET)
Jun 27, 2016 · 8:42 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 23, 2016 | M | 12,500 | $27.0625 | A | 35,383,000 | D | |
| Common StockF1,F2 | Jun 23, 2016 | S | 5,889 | $81.5325 | D | 35,377,111 | D | |
| Common StockF1,F3 | Jun 23, 2016 | S | 6,611 | $82.0054 | D | 35,370,500 | D | |
| Common StockF1 | Jun 24, 2016 | M | 12,500 | $27.0625 | A | 35,383,000 | D | |
| Common StockF1,F4 | Jun 24, 2016 | S | 7,936 | $78.8841 | D | 35,375,064 | D | |
| Common StockF1,F5 | Jun 24, 2016 | S | 4,564 | $79.9298 | D | 35,370,500 | D | |
| Common StockF1 | Jun 27, 2016 | M | 12,500 | $27.0625 | A | 35,383,000 | D | |
| Common StockF1,F6 | Jun 27, 2016 | S | 10,100 | $76.0388 | D | 35,372,900 | D | |
| Common StockF1,F7 | Jun 27, 2016 | S | 2,400 | $77.0004 | D | 35,370,500 | 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 | $27.0625 | Jun 23, 2016 | M | 12,500 | D | Nov 22, 2012 | Nov 22, 2016 | Common Stock | 12,500 | 925,000 | D |
| Non-qualified Stock Option (Right to Buy)F1,F8 | $27.0625 | Jun 24, 2016 | M | 12,500 | D | Nov 22, 2012 | Nov 22, 2016 | Common Stock | 12,500 | 912,500 | D |
| Non-qualified Stock Option (Right to Buy)F1,F8 | $27.0625 | Jun 27, 2016 | M | 12,500 | D | Nov 22, 2012 | Nov 22, 2016 | Common Stock | 12,500 | 900,000 | D |
Explanation of responses
- F1Pursuant to a 10b5-1 Plan.
- F2Weighted average price. These shares were sold in multiple transactions at prices ranging from $80.8600 to $81.8300 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 $81.8600 to $82.2800 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 $78.4500 to $79.4300 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 $79.4500 to $80.3900 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 $70.7200 to $71.6800 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 $76.6700 to $77.5600 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 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.