SEC Form 4 · accession 0000796343-17-000049
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ann Lewnes
Officer — EVP, Chief Marketing Officer
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 | 37,620 | $0.00 | A | 80,588 | D | |
| Common StockF1 | Jan 24, 2017 | F | 19,630 | $113.72 | D | 60,958 | D | |
| Common Stock | Jan 24, 2017 | M | 6,333 | $0.00 | A | 67,291 | D | |
| Common StockF1 | Jan 24, 2017 | F | 2,473 | $113.72 | D | 64,818 | D | |
| Common Stock | Jan 24, 2017 | M | 6,317 | $0.00 | A | 71,135 | D | |
| Common StockF1 | Jan 24, 2017 | F | 3,296 | $113.72 | D | 67,839 | D | |
| Common Stock | Jan 24, 2017 | M | 6,350 | $0.00 | A | 74,189 | D | |
| Common StockF1 | Jan 24, 2017 | F | 3,313 | $113.72 | D | 70,876 | 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 | 37,620 | D | — | — | Common Stock | 37,620 | 0 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 24, 2017 | M | 6,333 | D | — | — | Common Stock | 6,333 | 0 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 24, 2017 | M | 6,317 | D | — | — | Common Stock | 6,317 | 6,316 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 24, 2017 | M | 6,350 | D | — | — | Common Stock | 6,350 | 12,700 | D |
| Performance SharesF6 | $0.00 | Jan 24, 2017 | A | 37,770 | A | — | — | Common Stock | 37,770 | 37,770 | D |
| Restricted Stock UnitsF7 | $0.00 | Jan 24, 2017 | A | 18,885 | A | — | — | Common Stock | 18,885 | 18,885 | 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.