SEC Form 4 · accession 0001127602-17-019463
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
May 23, 2017
Accepted (ET)
May 25, 2017 · 7:14 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 Stock | May 23, 2017 | M | 10,000 | $39.0925 | A | 34,195,300 | D | |
| Common StockF2 | May 23, 2017 | S | 10,000 | $88.5772 | D | 34,185,300 | D | |
| Common Stock | May 24, 2017 | M | 10,000 | $39.0925 | A | 34,195,300 | D | |
| Common StockF3 | May 24, 2017 | S | 7,500 | $89.1209 | D | 34,187,800 | D | |
| Common StockF4 | May 24, 2017 | S | 2,500 | $89.5784 | D | 34,185,300 | D | |
| Common Stock | May 25, 2017 | M | 10,000 | $39.0925 | A | 34,195,300 | D | |
| Common StockF5 | May 25, 2017 | S | 3,400 | $90.6492 | D | 34,191,900 | D | |
| Common StockF6 | May 25, 2017 | S | 6,600 | $91.3461 | 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)F7 | $39.0925 | May 23, 2017 | M | 10,000 | D | Nov 27, 2013 | Nov 27, 2017 | Common Stock | 10,000 | 520,000 | D |
| Non-qualified Stock Option (Right to Buy)F7 | $39.0925 | May 24, 2017 | M | 10,000 | D | Nov 27, 2013 | Nov 27, 2017 | Common Stock | 10,000 | 510,000 | D |
| Non-qualified Stock Option (Right to Buy)F7 | $39.0925 | May 25, 2017 | M | 10,000 | D | Nov 27, 2013 | Nov 27, 2017 | Common Stock | 10,000 | 500,000 | D |
Explanation of responses
- F1Pursuant to a 10b5-1 Plan.
- F2Weighted average price. These shares were sold in multiple transactions at prices ranging from $88.2300 to $89.1400 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 $88.4900 to $89.4900 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 $89.5200 to $89.6400 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 $90.0100 to $90.9700 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.
- F6Weighted average price. These shares were sold in multiple transactions at prices ranging from $91.0600 to $91.7600 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.
- F7Option 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.