SEC Form 4 · accession 0000796343-17-000051

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

Jan 24, 2017

Accepted (ET)

Jan 26, 2017 · 4:13 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^F1	Jan 24, 2017	M	250,569	$0.00	A	549,812	I	by trust
Common Stock^F2,F1	Jan 24, 2017	F	130,746	$113.72	D	419,066	I	by trust
Common Stock^F1	Jan 24, 2017	M	42,183	$0.00	A	461,249	I	by trust
Common Stock^F2,F1	Jan 24, 2017	F	22,011	$113.72	D	439,238	I	by trust
Common Stock^F1	Jan 24, 2017	M	37,833	$0.00	A	477,071	I	by trust
Common Stock^F2,F1	Jan 24, 2017	F	19,741	$113.72	D	457,330	I	by trust
Common Stock^F1	Jan 24, 2017	M	32,655	$0.00	A	489,985	I	by trust
Common Stock^F2,F1	Jan 24, 2017	F	17,039	$113.72	D	472,946	I	by trust
Common Stock^F4,F1	Jan 25, 2017	S	169,203	$113.9017	D	303,743	I	by trust
Common Stock^F5,F1	Jan 25, 2017	S	4,500	$114.386	D	299,243	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 Shares^F6	$0.00	Jan 24, 2017	M	250,569	D	—	—	Common Stock	250,569	0	D
Restricted Stock Units^F7	$0.00	Jan 24, 2017	M	42,183	D	—	—	Common Stock	42,183	0	D
Restricted Stock Units^F8	$0.00	Jan 24, 2017	M	37,833	D	—	—	Common Stock	37,833	37,833	D
Restricted Stock Unit^F9	$0.00	Jan 24, 2017	M	32,655	D	—	—	Common Stock	32,655	65,310	D
Performance Shares^F10	$0.00	Jan 24, 2017	A	169,960	A	—	—	Common Stock	169,960	169,960	D
Restricted Stock Unit^F11	$0.00	Jan 24, 2017	A	84,980	A	—	—	Common Stock	84,980	84,980	D

Explanation of responses

F1Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
F10The 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.
F11Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.
F2Shares surrendered to pay tax liability due at vesting.
F3The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person June 28, 2016.
F4This transaction was executed in multiple trades at prices ranging from $113.305 to $114.27. 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.
F5This transaction was executed in multiple trades at prices ranging from $114.32 to $114.57. 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.
F6The 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.
F7Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 vesting commencement date.
F8Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.
F9Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.