SEC Form 4 · accession 0000796343-16-000230
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ann Lewnes
Officer — EVP, Chief Marketing Officer
Period of report
Jan 24, 2016
Accepted (ET)
Jan 27, 2016 · 4:28 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, 2016 | M | 9,375 | $0.00 | A | 39,780 | D | |
| Common StockF1 | Jan 24, 2016 | F | 3,581 | $89.63 | D | 36,199 | D | |
| Common Stock | Jan 24, 2016 | M | 54,450 | $0.00 | A | 90,649 | D | |
| Common StockF1 | Jan 24, 2016 | F | 28,151 | $89.63 | D | 62,498 | D | |
| Common Stock | Jan 24, 2016 | M | 6,333 | $0.00 | A | 68,831 | D | |
| Common StockF1 | Jan 24, 2016 | F | 3,304 | $89.63 | D | 65,527 | D | |
| Common Stock | Jan 24, 2016 | M | 6,317 | $0.00 | A | 71,844 | D | |
| Common StockF1 | Jan 24, 2016 | F | 3,296 | $89.63 | D | 68,548 | 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, 2016 | M | 9,375 | D | — | — | Common Stock | 9,375 | 0 | D |
| Performance SharesF3 | $0.00 | Jan 24, 2016 | M | 54,450 | D | — | — | Common Stock | 54,450 | 0 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 24, 2016 | M | 6,333 | D | — | — | Common Stock | 6,333 | 6,333 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 24, 2016 | M | 6,317 | D | — | — | Common Stock | 6,317 | 12,633 | D |
| Performance SharesF6 | $0.00 | Jan 25, 2016 | A | 38,100 | A | — | — | Common Stock | 38,100 | 38,100 | D |
| Restricted Stock UnitsF7 | $0.00 | Jan 25, 2016 | A | 19,050 | A | — | — | Common Stock | 19,050 | 19,050 | D |
Explanation of responses
- F1Shares surrendered to pay tax liability due at vesting.
- F2RSU award granted on January 24, 2012 vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the grant date.
- F3The Performance Shares vested in full upon the certification of performance goal achievement at 198% following the three-year anniversary of the January 24, 2013 grant date.
- F4Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 grant date.
- F5Vests 1/3 on each of January 24, 2016, January 24, 2017 and January 24, 2018.
- F6The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2016 vesting commencement date, if the performance goal is achieved.
- F7Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.