SEC Form 4 · accession 0000796343-15-000173
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shantanu Narayen
Officer — President and CEO · Director
Period of report
Aug 3, 2015
Accepted (ET)
Aug 4, 2015 · 4:05 pm EDT
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 StockF2,F3 | Aug 3, 2015 | M | 22,422 | $34.03 | A | 299,025 | I | by trust |
| Common StockF4,F3 | Aug 3, 2015 | S | 22,422 | $81.9527 | D | 276,603 | 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 Options (right to buy)F5 | $34.03 | Aug 3, 2015 | M | 22,422 | D | Aug 3, 2015 | Jan 24, 2018 | Common Stock | 22,422 | 201,796 | D |
Explanation of responses
- F1The option exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person March 19, 2015.
- F2Includes 422 shares acquired on June 30, 2015 pursuant to Adobe's 1997 Employee Stock Purchase Plan, as amended.
- F3Shares held by The Narayen Family Trust, dtd 11/30/00, of which the reporting person is a trustee.
- F4This transaction was executed in multiple trades at prices ranging from $81.745 to $82.20. 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.
- F5Options granted January 24, 2011 are fully vested and exercisable.