SEC Form 4 · accession 0000796343-18-000019
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Dillon
Officer — EVP, Gen. Counsel & Secretary
Period of report
Jan 24, 2018
Accepted (ET)
Jan 26, 2018 · 4:07 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, 2018 | M | 34,400 | $0.00 | A | 82,123 | D | |
| Common StockF1 | Jan 24, 2018 | F | 16,321 | $197.78 | D | 65,802 | D | |
| Common Stock | Jan 24, 2018 | M | 5,733 | $0.00 | A | 71,535 | D | |
| Common StockF1 | Jan 24, 2018 | F | 2,842 | $197.78 | D | 68,693 | D | |
| Common Stock | Jan 24, 2018 | M | 6,350 | $0.00 | A | 75,043 | D | |
| Common StockF1 | Jan 24, 2018 | F | 3,148 | $197.78 | D | 71,895 | D | |
| Common Stock | Jan 24, 2018 | M | 6,295 | $0.00 | A | 78,190 | D | |
| Common StockF1 | Jan 24, 2018 | F | 3,121 | $197.78 | D | 75,069 | 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, 2018 | M | 34,400 | D | — | — | Common Stock | 34,400 | 0 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 24, 2018 | M | 5,733 | D | — | — | Common Stock | 5,733 | 0 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 24, 2018 | M | 6,350 | D | — | — | Common Stock | 6,350 | 6,350 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 24, 2018 | M | 6,295 | D | — | — | Common Stock | 6,295 | 12,590 | 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 200% following the three-year anniversary of the January 24, 2015 grant date.
- F3Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.
- F4Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
- F5Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.