SEC Form 4 · accession 0000796343-15-000028
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Naresh Gupta
Officer — SVP, Print & Publishing
Period of report
Jan 24, 2015
Accepted (ET)
Jan 28, 2015 · 5:24 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 Stock | Jan 24, 2015 | M | 11,600 | $0.00 | A | 40,553 | D | |
| Common Stock | Jan 24, 2015 | M | 7,500 | $0.00 | A | 48,053 | D | |
| Common Stock | Jan 24, 2015 | M | 4,750 | $0.00 | A | 52,803 | D | |
| Common Stock | Jan 24, 2015 | M | 12,500 | $0.00 | A | 65,303 | D | |
| Common Stock | Jan 24, 2015 | M | 5,634 | $0.00 | A | 70,937 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1 | $0.00 | Jan 24, 2015 | M | 11,600 | D | — | — | Common Stock | 11,600 | 0 | D |
| Restricted Stock UnitsF2 | $0.00 | Jan 24, 2015 | M | 7,500 | D | — | — | Common Stock | 7,500 | 7,500 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 24, 2015 | M | 4,750 | D | — | — | Common Stock | 4,750 | 0 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 24, 2015 | M | 12,500 | D | — | — | Common Stock | 12,500 | 0 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 24, 2015 | M | 5,634 | D | — | — | Common Stock | 5,634 | 11,266 | D |
Explanation of responses
- F1Represents the number of shares acquired upon vesting of 1/3 of the Performance Shares earned by the participant in connection with the Performance Share award filed on Form 3 on January 24, 2014. The participant earned 116% of the target award based on the achievement of certain pre-established performance goals during the 2012 fiscal year. This Performance Share award vested in full on the third anniversary of the January 24, 2012 grant date.
- F2RSU award granted on January 24, 2012 vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the grant date. The remaining units will vest on January 24, 2016 as to the remaining 7,500 shares.
- F3RSU award granted on January 24, 2011 vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the grant date. This Restricted Stock Unit award vested in full on January 24, 2015.
- F4Vests at a rate of 50% annually on the first and second anniversaries of the January 24, 2013 grant date. This Restricted Stock Unit award vested in full on January 24, 2015.
- F5RSU award granted on January 24, 2014 vests at a rate of 1/3 annually on the first, second and third anniversaries of the grant date. The remaining units will vest on January 24, 2016 as to 5,633 shares and January 24, 2017 as to the remaining 5,633 shares.