SEC Form 4 · accession 0001127602-17-023560
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
Jul 11, 2017
Accepted (ET)
Jul 12, 2017 · 9:00 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 | Jul 11, 2017 | M | 10,000 | $39.0925 | A | 34,195,300 | D | |
| Common StockF2 | Jul 11, 2017 | S | 10,000 | $88.2162 | D | 34,185,300 | D | |
| Common Stock | Jul 12, 2017 | M | 10,000 | $39.0925 | A | 34,195,300 | D | |
| Common StockF3 | Jul 12, 2017 | S | 4,200 | $89.6137 | D | 34,191,100 | D | |
| Common StockF4 | Jul 12, 2017 | S | 5,800 | $90.146 | 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 | Jul 11, 2017 | M | 10,000 | D | Nov 27, 2013 | Nov 27, 2017 | Common Stock | 10,000 | 190,000 | D |
| Non-qualified Stock Option (Right to Buy)F5 | $39.0925 | Jul 12, 2017 | M | 10,000 | D | Nov 27, 2013 | Nov 27, 2017 | Common Stock | 10,000 | 180,000 | D |
Explanation of responses
- F1Pursuant to a 10b5-1 Plan.
- F2Weighted average price. These shares were sold in multiple transactions at prices ranging from $87.8500 to $88.6300 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 $88.9100 to $89.8650 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 $89.9200 to $90.4000 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.
- 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.