SEC Form 4 · accession 0000796343-16-000232
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Rowley
Officer — VP, Corp. Controller & CAO
Period of report
Jan 24, 2016
Accepted (ET)
Jan 27, 2016 · 4:32 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 | 1,787 | $0.00 | A | 3,135 | D | |
| Common StockF1 | Jan 24, 2016 | F | 735 | $89.63 | D | 2,400 | D | |
| Common Stock | Jan 24, 2016 | M | 15,493 | $0.00 | A | 17,893 | D | |
| Common StockF1 | Jan 24, 2016 | F | 6,713 | $89.63 | D | 11,180 | D | |
| Common Stock | Jan 24, 2016 | M | 1,700 | $0.00 | A | 12,880 | D | |
| Common StockF1 | Jan 24, 2016 | F | 887 | $89.63 | D | 11,993 | D | |
| Common Stock | Jan 24, 2016 | M | 1,950 | $0.00 | A | 13,943 | D | |
| Common StockF1 | Jan 24, 2016 | F | 1,017 | $89.63 | D | 12,926 | 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 | 1,787 | D | — | — | Common Stock | 1,787 | 0 | D |
| Performance SharesF3 | $0.00 | Jan 24, 2016 | M | 15,493 | D | — | — | Common Stock | 15,493 | 0 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 24, 2016 | M | 1,700 | D | — | — | Common Stock | 1,700 | 1,700 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 24, 2016 | M | 1,950 | D | — | — | Common Stock | 1,950 | 3,900 | 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.