SEC Form 4 · accession 0000796343-17-000047
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Garrett
Officer — EVP, CFO & Asst. Secretary
Period of report
Jan 24, 2017
Accepted (ET)
Jan 26, 2017 · 4:12 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, 2017 | M | 71,082 | $0.00 | A | 71,082 | D | |
| Common StockF1 | Jan 24, 2017 | F | 37,090 | $113.72 | D | 33,992 | D | |
| Common Stock | Jan 24, 2017 | M | 11,966 | $0.00 | A | 45,958 | D | |
| Common StockF1 | Jan 24, 2017 | F | 6,243 | $113.72 | D | 39,715 | D | |
| Common Stock | Jan 24, 2017 | M | 11,467 | $0.00 | A | 51,182 | D | |
| Common StockF1 | Jan 24, 2017 | F | 5,983 | $113.72 | D | 45,199 | D | |
| Common Stock | Jan 24, 2017 | M | 9,072 | $0.00 | A | 54,271 | D | |
| Common StockF1 | Jan 24, 2017 | F | 4,733 | $113.72 | D | 49,538 | D | |
| Common StockF2 | holding | — | — | — | 50,000 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF3 | $0.00 | Jan 24, 2017 | M | 71,082 | D | — | — | Common Stock | 71,082 | 0 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 24, 2017 | M | 11,966 | D | — | — | Common Stock | 11,966 | 0 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 24, 2017 | M | 11,467 | D | — | — | Common Stock | 11,467 | 11,466 | D |
| Restricted Stock UnitsF6 | $0.00 | Jan 24, 2017 | M | 9,072 | D | — | — | Common Stock | 9,072 | 18,143 | D |
| Performance SharesF7 | $0.00 | Jan 24, 2017 | A | 51,940 | A | — | — | Common Stock | 51,940 | 51,940 | D |
| Restricted Stock UnitsF8 | $0.00 | Jan 24, 2017 | A | 25,970 | A | — | — | Common Stock | 25,970 | 25,970 | D |
Explanation of responses
- F1Shares surrendered to pay tax liability due at vesting.
- F2Shares held by the Garrett Living Trust, dtd 11/15/91 of which reporting person is a trustee.
- F3The Performance Shares vested in full upon the certification of performance goal achievement at 198% following the three-year anniversary of the January 24, 2014 grant date.
- F4Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 vesting commencement date.
- F5Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.
- F6Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
- F7The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2017 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, 2017 vesting commencement date.