SEC Form 4 · accession 0000796343-17-000053
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley Rencher
Officer — EVP & GM, Digital Marketing
Period of report
Jan 24, 2017
Accepted (ET)
Jan 26, 2017 · 4:14 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 | 101,620 | D | |
| Common StockF1 | Jan 24, 2017 | F | 25,517 | $113.72 | D | 76,103 | D | |
| Common Stock | Jan 24, 2017 | M | 9,150 | $0.00 | A | 85,253 | D | |
| Common StockF1 | Jan 24, 2017 | F | 3,654 | $113.72 | D | 81,599 | D | |
| Common Stock | Jan 24, 2017 | M | 8,600 | $0.00 | A | 90,199 | D | |
| Common StockF1 | Jan 24, 2017 | F | 4,037 | $113.72 | D | 86,162 | D | |
| Common Stock | Jan 24, 2017 | M | 8,619 | $0.00 | A | 94,781 | D | |
| Common StockF1 | Jan 24, 2017 | F | 4,046 | $113.72 | D | 90,735 | D | |
| Common StockF2 | Jan 25, 2017 | S | 40,000 | $113.9569 | D | 50,735 | D |
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 | 54,351 | D | — | — | Common Stock | 54,351 | 0 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 24, 2017 | M | 9,150 | D | — | — | Common Stock | 9,150 | 0 | D |
| Restricted Stock UnitF5 | $0.00 | Jan 24, 2017 | M | 8,600 | D | — | — | Common Stock | 8,600 | 8,600 | D |
| Restricted Stock UnitsF6 | $0.00 | Jan 24, 2017 | M | 8,619 | D | — | — | Common Stock | 8,619 | 17,236 | 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.
- F2This transaction was executed in multiple trades at prices ranging from $113.94 to $114.055. 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.
- 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.