SEC Form 4 · accession 0000796343-16-000242
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shantanu Narayen
Officer — President and CEO · Director
Period of report
Jan 24, 2016
Accepted (ET)
Jan 27, 2016 · 4:42 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 StockF1 | Jan 24, 2016 | M | 39,375 | $0.00 | A | 315,978 | I | by trust |
| Common StockF2,F1 | Jan 24, 2016 | F | 20,545 | $89.63 | D | 295,433 | I | by trust |
| Common StockF1 | Jan 24, 2016 | M | 311,850 | $0.00 | A | 607,283 | I | by trust |
| Common StockF2,F1 | Jan 24, 2016 | F | 162,723 | $89.63 | D | 444,560 | I | by trust |
| Common StockF1 | Jan 24, 2016 | M | 42,183 | $0.00 | A | 486,743 | I | by trust |
| Common StockF2,F1 | Jan 24, 2016 | F | 22,011 | $89.63 | D | 464,732 | I | by trust |
| Common StockF1 | Jan 24, 2016 | M | 37,834 | $0.00 | A | 502,566 | I | by trust |
| Common StockF2,F1 | Jan 24, 2016 | F | 19,741 | $89.63 | D | 482,825 | I | by trust |
| Common StockF4,F1 | Jan 26, 2016 | S | 30,669 | $86.3164 | D | 452,156 | I | by trust |
| Common StockF5,F1 | Jan 26, 2016 | S | 153,184 | $86.9285 | D | 298,972 | 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 | Jan 24, 2016 | M | 39,375 | D | — | — | Common Stock | 39,375 | 0 | D |
| Performance SharesF7 | $0.00 | Jan 24, 2016 | M | 311,850 | D | — | — | Common Stock | 311,850 | 0 | D |
| Restricted Stock UnitsF8 | $0.00 | Jan 24, 2016 | M | 42,183 | D | — | — | Common Stock | 42,183 | 42,183 | D |
| Restricted Stock UnitsF9 | $0.00 | Jan 24, 2016 | M | 37,834 | D | — | — | Common Stock | 37,834 | 75,666 | D |
| Performance SharesF10 | $0.00 | Jan 25, 2016 | A | 195,930 | A | — | — | Common Stock | 195,930 | 195,930 | D |
| Restricted Stock UnitF11 | $0.00 | Jan 25, 2016 | A | 97,965 | A | — | — | Common Stock | 97,965 | 97,965 | D |
Explanation of responses
- F1Shares held by The Narayen Family Trust, dtd 11/30/00, of which the reporting person is a trustee.
- F10The 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.
- F11Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
- F2Shares surrendered to pay tax liability due at vesting.
- F3The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person March 19, 2015.
- F4This transaction was executed in multiple trades at prices ranging from $85.56 to $86.555. 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 $86.56 to $87.54. 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.
- F6RSU 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.
- F7The 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.
- F8Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 grant date.
- F9Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.