SEC Form 4 · accession 0001127602-17-022179
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
Jun 23, 2017
Accepted (ET)
Jun 26, 2017 · 6:43 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 | Jun 23, 2017 | M | 10,000 | $39.0925 | A | 34,195,300 | D | |
| Common StockF2 | Jun 23, 2017 | S | 4,592 | $88.1826 | D | 34,190,708 | D | |
| Common StockF3 | Jun 23, 2017 | S | 5,408 | $88.6573 | D | 34,185,300 | D | |
| Common Stock | Jun 26, 2017 | M | 10,000 | $39.0925 | A | 34,195,300 | D | |
| Common StockF4 | Jun 26, 2017 | S | 8,500 | $88.2527 | D | 34,186,800 | D | |
| Common StockF5 | Jun 26, 2017 | S | 1,500 | $89.071 | 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)F6 | $39.0925 | Jun 23, 2017 | M | 10,000 | D | Nov 27, 2013 | Nov 27, 2017 | Common Stock | 10,000 | 300,000 | D |
| Non-qualified Stock Option (Right to Buy)F6 | $39.0925 | Jun 26, 2017 | M | 10,000 | D | Nov 27, 2013 | Nov 27, 2017 | Common Stock | 10,000 | 290,000 | D |
Explanation of responses
- F1Pursuant to a 10b5-1 Plan.
- F2Weighted average price. These shares were sold in multiple transactions at prices ranging from $87.5700 to $88.5600 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.
- F3Weighted average price. These shares were sold in multiple transactions at prices ranging from $88.5800 to $88.8100 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 $87.7400 to $88.6200 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 $88.7700 to $89.6300 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.
- F6Option 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.