SEC Form 4 · accession 0000796343-17-000196
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert K Burgess
Director
Period of report
Dec 28, 2017
Accepted (ET)
Dec 29, 2017 · 4:55 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 StockF1 | Dec 28, 2017 | M | 25,000 | $37.09 | A | 52,550 | I | by trust |
| Common StockF2,F1 | Dec 28, 2017 | S | 25,000 | $175.3949 | D | 27,550 | I | by trust |
| Common Stock | holding | — | — | — | 12,375 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F3 | $37.09 | Dec 28, 2017 | M | 25,000 | D | Dec 28, 2017 | Apr 10, 2018 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1Includes shares held by The Burgess Family Trust, dtd 07/23/98 of which reporting person is a trustee, and 1,620 shares in trust for the benefit of Mr. Burgess' children.
- F2This transaction was executed in multiple trades at prices ranging from $175.22 to $175.675. 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.
- F3Options granted April 10, 2008 are fully vested and exercisable.