SEC Form 4 · accession 0000796343-18-000027
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donna Morris
Officer — EVP, Cust. & Emp. Experience
Period of report
Jan 24, 2018
Accepted (ET)
Jan 26, 2018 · 4:11 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 | Jan 24, 2018 | M | 37,900 | $0.00 | A | 102,983 | I | by trust |
| Common StockF2,F1 | Jan 24, 2018 | F | 18,057 | $197.78 | D | 84,926 | I | by trust |
| Common StockF1 | Jan 24, 2018 | M | 6,316 | $0.00 | A | 91,242 | I | by trust |
| Common StockF2,F1 | Jan 24, 2018 | F | 3,131 | $197.78 | D | 88,111 | I | by trust |
| Common StockF1 | Jan 24, 2018 | M | 6,350 | $0.00 | A | 94,461 | I | by trust |
| Common StockF1 | Jan 24, 2018 | F | 3,148 | $197.78 | D | 91,313 | I | by trust |
| Common StockF1 | Jan 24, 2018 | M | 6,295 | $0.00 | A | 97,608 | I | by trust |
| Common StockF2,F1 | Jan 24, 2018 | F | 3,121 | $197.78 | D | 94,487 | I | by trust |
| Common StockF3,F1 | Jan 25, 2018 | S | 12,097 | $196.7172 | D | 82,390 | I | by trust |
| Common StockF4,F1 | Jan 25, 2018 | S | 7,907 | $197.7295 | D | 74,483 | I | by trust |
| Common StockF5,F1 | Jan 25, 2018 | S | 9,400 | $198.6979 | D | 65,083 | I | by trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF6 | $0.00 | Jan 24, 2018 | M | 37,900 | D | — | — | Common Stock | 37,900 | 0 | D |
| Restricted Stock UnitsF7 | $0.00 | Jan 24, 2018 | M | 6,316 | D | — | — | Common Stock | 6,316 | 0 | D |
| Restricted Stock UnitsF8 | $0.00 | Jan 24, 2018 | M | 6,350 | D | — | — | Common Stock | 6,350 | 6,350 | D |
| Restricted Stock UnitsF9 | $0.00 | Jan 24, 2018 | M | 6,295 | D | — | — | Common Stock | 6,295 | 12,590 | D |
| Performance SharesF10,F11 | $0.00 | Jan 24, 2018 | A | 24,290 | A | — | — | Common Stock | 24,290 | 24,290 | D |
| Restricted Stock UnitsF12 | $0.00 | Jan 24, 2018 | A | 12,145 | A | — | — | Common Stock | 12,145 | 12,145 | D |
Explanation of responses
- F1Shares held by The Morris Family Rev Trust.
- F10Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.
- F11The 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.
- F12Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2018 vesting commencement date.
- F2Shares surrendered to pay tax liability due at vesting.
- F3This transaction was executed in multiple trades at prices ranging from $196.18 to $197.15. 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.
- F4This transaction was executed in multiple trades at prices ranging from $197.18 to $198.16. 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.
- F5This transaction was executed in multiple trades at prices ranging from $198.19 to $199.15. 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.
- F6The 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.
- F7Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.
- F8Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
- F9Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.