SEC Form 4 · accession 0000796343-15-000048
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan Lamkin
Officer — SVP, Technology & Corp Dev
Period of report
Jan 24, 2015
Accepted (ET)
Jan 28, 2015 · 9:25 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 | 9,150 | $0.00 | A | 14,963 | D | |
| Common StockF1 | Jan 24, 2015 | F | 3,512 | $74.06 | D | 11,451 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | $0.00 | Jan 24, 2015 | M | 9,150 | D | — | — | Common Stock | 9,150 | 18,300 | D |
| Performance SharesF3,F4 | $0.00 | Jan 26, 2015 | A | 48,200 | A | — | — | Common Stock | 48,200 | 48,200 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 26, 2015 | A | 24,100 | A | — | — | Common Stock | 24,100 | 24,100 | D |
Explanation of responses
- F1Shares surrendered to pay tax liability due at vesting of Restricted Stock Units.
- F2RSU 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 9,150 shares and January 24, 2017 as to the remaining 9,150 shares.
- F3Represents the maximum number of Performance Shares that will be earned, if at all, based on the achievement of a pre-established performance goal during the three-year performance period. Each Performance Share represents a contingent right to receive one share of ADBE common stock. The maximum number represents 200% of the target payout of 24,100 shares.
- F4The Performance Shares will vest in full upon the certification of performance goal achievement on or after January 24, 2018, if the performance goal is achieved and the holder continues to provide services to the Company on such date.
- F5Vests 1/3 on each of January 24, 2016, January 24, 2017 and January 24, 2018.