SEC Form 4 · accession 0000796343-15-000004
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Wadhwani
Officer — SVP & GM, Digital Media
Period of report
Jan 9, 2015
Accepted (ET)
Jan 12, 2015 · 6:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000796343
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 9, 2015 | M | 11,230 | $34.03 | A | 36,651 | D | |
| Common StockF2 | Jan 9, 2015 | S | 11,230 | $71.8986 | D | 25,421 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F3 | $34.03 | Jan 9, 2015 | M | 11,230 | D | Jan 9, 2015 | Jan 24, 2018 | Common Stock | 11,230 | 1,605 | D |
Explanation of responses
- F1Includes 421 shares acquired on June 30, 2014 pursuant to Adobe's 1997 Employee Stock Purchase Plan, as amended.
- F2This transaction was executed in multiple trades at prices ranging from $71.89 to $71.93. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
- F3Options granted January 24, 2011 vest at a rate of 2.08% per month for 48 months.