SEC Form 4 · accession 0000796343-16-000335
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
May 2, 2016
Accepted (ET)
May 3, 2016 · 4:15 pm EDT
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 StockF2 | May 2, 2016 | M | 22,420 | $34.03 | A | 321,392 | I | by trust |
| Common StockF3,F2 | May 2, 2016 | S | 21,939 | $94.4992 | D | 299,453 | I | by trust |
| Common StockF4,F2 | May 2, 2016 | S | 481 | $94.9692 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F5 | $34.03 | May 2, 2016 | M | 22,420 | D | May 2, 2016 | Jan 24, 2018 | Common Stock | 22,420 | 0 | D |
Explanation of responses
- F1The option exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person March 19, 2015.
- F2Shares held by The Narayen Family Trust, dtd 11/30/00, of which the reporting person is a trustee.
- F3This transaction was executed in multiple trades at prices ranging from $93.95 to $94.92. 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.
- F4This transaction was executed in multiple trades at prices ranging from $94.95 to $94.99. 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.
- F5Options granted January 24, 2011 are fully vested and exercisable.