SEC Form 4 · accession 0000796343-17-000048
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan Lamkin
Officer — EVP & GM, Digital Media
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 | 54,351 | $0.00 | A | 78,016 | D | |
| Common StockF1 | Jan 24, 2017 | F | 28,360 | $113.72 | D | 49,656 | D | |
| Common Stock | Jan 24, 2017 | M | 9,150 | $0.00 | A | 58,806 | D | |
| Common StockF1 | Jan 24, 2017 | F | 4,132 | $113.72 | D | 54,674 | D | |
| Common Stock | Jan 24, 2017 | M | 8,033 | $0.00 | A | 62,707 | D | |
| Common StockF1 | Jan 24, 2017 | F | 4,191 | $113.72 | D | 58,516 | D | |
| Common Stock | Jan 24, 2017 | M | 8,619 | $0.00 | A | 67,135 | D | |
| Common StockF1 | Jan 24, 2017 | F | 4,497 | $113.72 | D | 62,638 | 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, 2017 | M | 54,351 | D | — | — | Common Stock | 54,351 | 0 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 24, 2017 | M | 9,150 | D | — | — | Common Stock | 9,150 | 0 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 24, 2017 | M | 8,033 | D | — | — | Common Stock | 8,033 | 8,033 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 24, 2017 | M | 8,619 | D | — | — | Common Stock | 8,619 | 17,236 | D |
| Performance SharesF6 | $0.00 | Jan 24, 2017 | A | 51,940 | A | — | — | Common Stock | 51,940 | 51,940 | D |
| Restricted Stock UnitsF7 | $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.
- F2The 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.
- F3Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 vesting commencement date.
- F4Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.
- F5Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
- F6The 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.
- F7Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.