SEC Form 4 · accession 0000796343-16-000234
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Thompson
Officer — EVP WW Field Operations
Period of report
Jan 24, 2016
Accepted (ET)
Jan 27, 2016 · 4:34 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 | 15,625 | $0.00 | A | 67,343 | D | |
| Common StockF1 | Jan 24, 2016 | F | 6,578 | $89.63 | D | 60,765 | D | |
| Common Stock | Jan 24, 2016 | M | 108,900 | $0.00 | A | 169,665 | D | |
| Common StockF1 | Jan 24, 2016 | F | 56,824 | $89.63 | D | 112,841 | D | |
| Common Stock | Jan 24, 2016 | M | 13,367 | $0.00 | A | 126,208 | D | |
| Common StockF1 | Jan 24, 2016 | F | 6,974 | $89.63 | D | 119,234 | D | |
| Common Stock | Jan 24, 2016 | M | 11,467 | $0.00 | A | 130,701 | D | |
| Common StockF1 | Jan 24, 2016 | F | 5,983 | $89.63 | D | 124,718 | D | |
| Common StockF2 | Jan 26, 2016 | S | 73,000 | $86.8356 | D | 51,718 | 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 UnitsF3 | $0.00 | Jan 24, 2016 | M | 15,625 | D | — | — | Common Stock | 15,625 | 0 | D |
| Performance SharesF4 | $0.00 | Jan 24, 2016 | M | 108,900 | D | — | — | Common Stock | 108,900 | 0 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 24, 2016 | M | 13,367 | D | — | — | Common Stock | 13,367 | 13,366 | D |
| Restricted Stock UnitsF6 | $0.00 | Jan 24, 2016 | M | 11,467 | D | — | — | Common Stock | 11,467 | 22,933 | D |
| Performance SharesF7 | $0.00 | Jan 25, 2016 | A | 57,150 | A | — | — | Common Stock | 57,150 | 57,150 | D |
| Restricted Stock UnitF8 | $0.00 | Jan 25, 2016 | A | 28,575 | A | — | — | Common Stock | 28,575 | 28,575 | D |
Explanation of responses
- F1Shares surrendered to pay tax liability due at vesting.
- F2This transaction was executed in multiple trades at prices ranging from $86.29 to $87.12. 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.
- F3RSU 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.
- F4The 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.
- F5Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 grant date.
- F6Vests 1/3 on each of January 24, 2016, January 24, 2017 and January 24, 2018.
- F7The 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.
- F8Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.