SEC Form 4 · accession 0000796343-15-000054
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Garrett
Officer — EVP, CFO & Asst. Secretary
Period of report
Jan 29, 2015
Accepted (ET)
Jan 29, 2015 · 7:29 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 29, 2015 | M | 9,168 | $34.03 | A | 47,783 | D | |
| Common StockF2 | Jan 29, 2015 | S | 39,168 | $70.0641 | D | 8,615 | D | |
| Common StockF3 | holding | — | — | — | 50,000 | I | by trust | |
| Common StockF4 | holding | — | — | — | 107 | I | by trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F5 | $34.03 | Jan 29, 2015 | M | 9,168 | D | Jan 29, 2015 | Jan 24, 2018 | Common Stock | 9,168 | 0 | D |
Explanation of responses
- F1The option exercise and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person July 31, 2014.
- F2This transaction was executed in multiple trades at prices ranging from $69.8 to $70.25. 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.
- F3Shares held by the Garrett Living Trust, dtd 11/15/91 of which reporting person is a trustee.
- F4Shares held by the Garrett Family Investment Partnership LP.
- F5Options granted January 24, 2011 are fully vested and exercisable.