SEC Form 4 · accession 0000796343-17-000054
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Rowley
Officer — VP, Corp. Controller & CAO
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 | 10,098 | $0.00 | A | 10,098 | D | |
| Common StockF1 | Jan 24, 2017 | F | 4,509 | $113.72 | D | 5,589 | D | |
| Common Stock | Jan 24, 2017 | M | 1,700 | $0.00 | A | 7,289 | D | |
| Common StockF1 | Jan 24, 2017 | F | 638 | $113.72 | D | 6,651 | D | |
| Common Stock | Jan 24, 2017 | M | 1,950 | $0.00 | A | 8,601 | D | |
| Common StockF1 | Jan 24, 2017 | F | 1,017 | $113.72 | D | 7,584 | 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 | 10,098 | D | — | — | Common Stock | 10,098 | 0 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 24, 2017 | M | 1,700 | D | — | — | Common Stock | 1,700 | 0 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 24, 2017 | M | 1,950 | D | — | — | Common Stock | 1,950 | 1,950 | 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.