SEC Form 4 · accession 0000796343-16-000246
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Dillon
Officer — EVP, Gen. Counsel & Secretary
Period of report
Jan 24, 2016
Accepted (ET)
Jan 27, 2016 · 4:45 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 | 49,500 | $0.00 | A | 74,673 | D | |
| Common StockF1 | Jan 24, 2016 | F | 24,259 | $89.63 | D | 50,414 | D | |
| Common Stock | Jan 24, 2016 | M | 6,333 | $0.00 | A | 56,747 | D | |
| Common StockF1 | Jan 24, 2016 | F | 3,304 | $89.63 | D | 53,443 | D | |
| Common Stock | Jan 24, 2016 | M | 5,734 | $0.00 | A | 59,177 | D | |
| Common StockF1 | Jan 24, 2016 | F | 2,992 | $89.63 | D | 56,185 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF2 | $0.00 | Jan 24, 2016 | M | 49,500 | D | — | — | Common Stock | 49,500 | 0 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 24, 2016 | M | 6,333 | D | — | — | Common Stock | 6,333 | 6,333 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 24, 2016 | M | 5,734 | D | — | — | Common Stock | 5,734 | 11,466 | D |
| Performance SharesF5 | $0.00 | Jan 25, 2016 | A | 38,100 | A | — | — | Common Stock | 38,100 | 38,100 | D |
| Restricted Stock UnitsF6 | $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.
- F2The 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.
- F3Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 grant date.
- F4Vests 1/3 on each of January 24, 2016, January 24, 2017 and January 24, 2018.
- F5The 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.
- F6Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.