SEC Form 4 · accession 0001127602-17-004205
Salesforce, Inc. · CRM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc Benioff
Officer — Chairman of the Board and CEO · Director
Period of report
Feb 3, 2017
Accepted (ET)
Feb 6, 2017 · 9:25 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 | Feb 3, 2017 | M | 10,000 | $39.0925 | A | 34,182,800 | D | |
| Common StockF2 | Feb 3, 2017 | S | 10,000 | $80.2781 | D | 34,172,800 | D | |
| Common Stock | Feb 6, 2017 | M | 10,000 | $39.0925 | A | 34,182,800 | D | |
| Common StockF3,F4 | Feb 6, 2017 | S | 10,000 | $79.6803 | D | 34,185,300 | 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)F5 | $39.0925 | Feb 3, 2017 | M | 10,000 | D | Nov 27, 2013 | Nov 27, 2017 | Common Stock | 10,000 | 1,270,000 | D |
| Non-qualified Stock Option (Right to Buy)F5 | $39.0925 | Feb 6, 2017 | M | 10,000 | D | Nov 27, 2013 | Nov 27, 2017 | Common Stock | 10,000 | 1,260,000 | D |
Explanation of responses
- F1Pursuant to a 10b5-1 Plan.
- F2Weighted average price. These shares were sold in multiple transactions at prices ranging from $79.8300 to $80.6300 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 $79.4300 to $79.9700 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.
- F4The amount of shares beneficially owned has been corrected to account for the duplicate reporting of 12,500 shares sold on February 8, 2016. This correction increases by 12,500 shares the amount of securities beneficially owned following the February 8, 2016 sale, for subsequent Forms 4 to the date of this filing.
- F5Option is exercisable and vests over four years at the rate of 25% on November 27, 2013, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months.