SEC Form 4 · accession 0000796343-15-000179
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Dillon
Officer — SVP, Gen. Counsel & Secretary
Period of report
Aug 23, 2015
Accepted (ET)
Aug 25, 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 StockF1 | Aug 23, 2015 | M | 27,500 | $0.00 | A | 51,098 | D | |
| Common StockF2 | Aug 23, 2015 | F | 14,349 | $78.87 | D | 36,749 | D | |
| Common StockF4 | Aug 24, 2015 | S | 400 | $71.905 | D | 36,349 | D | |
| Common StockF5 | Aug 24, 2015 | S | 500 | $73.169 | D | 35,849 | D | |
| Common StockF6 | Aug 24, 2015 | S | 2,600 | $74.5731 | D | 33,249 | D | |
| Common StockF7 | Aug 24, 2015 | S | 2,576 | $75.2586 | D | 30,673 | D | |
| Common StockF8 | Aug 24, 2015 | S | 500 | $75.984 | D | 30,173 | 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 UnitsF9 | $0.00 | Aug 23, 2015 | M | 27,500 | D | — | — | Common Stock | 27,500 | 27,500 | D |
Explanation of responses
- F1Includes 345 shares acquired on June 30, 2015 pursuant to Adobe's 1997 Employee Stock Purchase Plan, as amended.
- F2Shares surrendered to pay tax liability due at vesting of Restricted Stock Units. Shares were calculated using the closing price on August 21, 2015, as the 2015 vesting date was Sunday, August 23, 2015.
- F3The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person July 16, 2014.
- F4This transaction was executed in multiple trades at prices ranging from $71.50 to $72.31. 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.
- F5This transaction was executed in multiple trades at prices ranging from $72.81 to $73.805. 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.
- F6This transaction was executed in multiple trades at prices ranging from $73.85 to $74.84. 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.
- F7This transaction was executed in multiple trades at prices ranging from $74.91 to $75.85. 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.
- F8This transaction was executed in multiple trades at prices ranging from $75.92 to $76.08. 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.
- F9RSU award granted on August 23, 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 August 23, 2016.