SEC Form 4 · accession 0001127602-16-068393
Salesforce, Inc. · CRM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Burke F Norton
Officer — EVP and Chief Legal Officer
Period of report
Nov 22, 2016
Accepted (ET)
Nov 23, 2016 · 7:26 pm EST
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 Stock | Nov 22, 2016 | M | 3,704 | $0.00 | A | 77,627 | D | |
| Common StockF1 | Nov 23, 2016 | S | 1,971 | $74.1236 | D | 75,656 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | $0.00 | Nov 22, 2016 | M | 3,704 | D | Nov 22, 2016 | Nov 22, 2019 | Common Stock | 3,704 | 11,113 | D |
Explanation of responses
- F1Weighted average price. These shares were sold in multiple transactions at prices ranging from $73.7427 to $74.1262 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.
- F2Restricted stock units convert to shares of common stock on a one-for-one basis.
- F3These restricted stock units vested as to 25% of the original grant on November 22, 2016 and vest as to 1/16 of the original grant quarterly thereafter.