SEC Form 4 · accession 0000796343-18-000023
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan Lamkin
Officer — EVP & GM, Digital Media
Period of report
Jan 24, 2018
Accepted (ET)
Jan 26, 2018 · 4:09 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 | 48,200 | $0.00 | A | 100,554 | D | |
| Common StockF1 | Jan 24, 2018 | F | 23,162 | $197.78 | D | 77,392 | D | |
| Common Stock | Jan 24, 2018 | M | 8,033 | $0.00 | A | 85,425 | D | |
| Common StockF1 | Jan 24, 2018 | F | 3,982 | $197.78 | D | 81,443 | D | |
| Common Stock | Jan 24, 2018 | M | 8,618 | $0.00 | A | 90,061 | D | |
| Common StockF1 | Jan 24, 2018 | F | 4,272 | $197.78 | D | 85,789 | D | |
| Common Stock | Jan 24, 2018 | M | 8,657 | $0.00 | A | 94,446 | D | |
| Common StockF1 | Jan 24, 2018 | F | 4,292 | $197.78 | D | 90,154 | 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 | 48,200 | D | — | — | Common Stock | 48,200 | 0 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 24, 2018 | M | 8,033 | D | — | — | Common Stock | 8,033 | 0 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 24, 2018 | M | 8,618 | D | — | — | Common Stock | 8,618 | 8,618 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 24, 2018 | M | 8,657 | D | — | — | Common Stock | 8,657 | 17,313 | D |
| Performance SharesF6,F7 | $0.00 | Jan 24, 2018 | A | 33,230 | A | — | — | Common Stock | 33,230 | 33,230 | D |
| Restricted Stock UnitsF8 | $0.00 | Jan 24, 2018 | A | 16,615 | A | — | — | Common Stock | 16,615 | 16,615 | 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.
- F6Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.
- F7The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2018 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, 2018 vesting commencement date.