SEC Form 4 · accession 0000796343-15-000177
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
Aug 16, 2015
Accepted (ET)
Aug 18, 2015 · 4:13 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 Stock | Aug 16, 2015 | M | 56,250 | $0.00 | A | 56,250 | D | |
| Common StockF1 | Aug 16, 2015 | F | 29,351 | $86.12 | D | 26,899 | D | |
| Common StockF3 | Aug 17, 2015 | S | 26,899 | $86.494 | D | 0 | D | |
| Common StockF4 | holding | — | — | — | 50,000 | I | by trust | |
| Common StockF5 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6 | $0.00 | Aug 16, 2015 | M | 56,250 | D | — | — | Common Stock | 56,250 | 56,250 | D |
Explanation of responses
- F1Shares surrendered to pay tax liability due at vesting of Restricted Stock Units. Shares were calculated using the closing price on August 14, 2015, as the 2015 vesting date was Sunday, August 16, 2015.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person July 31, 2014.
- F3This transaction was executed in multiple trades at prices ranging from $86.31 to $86.64. 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.
- F4Shares held by the Garrett Living Trust, dtd 11/15/91 of which the reporting person is a trustee.
- F5Shares held by the Garrett Family Investment Partnership LP.
- F6Vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the August 16, 2012 grant date.