SEC Form 4 · accession 0000796343-18-000031
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Abhay Parasnis
Officer — EVP & CTO
Period of report
Jan 24, 2018
Accepted (ET)
Jan 26, 2018 · 4:13 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 | 8,165 | $0.00 | A | 20,788 | D | |
| Common StockF1 | Jan 24, 2018 | F | 4,071 | $197.78 | D | 16,717 | D | |
| Common Stock | Jan 24, 2018 | M | 7,869 | $0.00 | A | 24,586 | D | |
| Common StockF1 | Jan 24, 2018 | F | 3,901 | $197.78 | D | 20,685 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | $0.00 | Jan 24, 2018 | M | 8,165 | D | — | — | Common Stock | 8,165 | 8,165 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 24, 2018 | M | 7,869 | D | — | — | Common Stock | 7,869 | 15,736 | D |
| Performance SharesF4,F5 | $0.00 | Jan 24, 2018 | A | 30,680 | A | — | — | Common Stock | 30,680 | 30,680 | D |
| Restricted Stock UnitsF6 | $0.00 | Jan 24, 2018 | A | 15,340 | A | — | — | Common Stock | 15,340 | 15,340 | D |
Explanation of responses
- F1Shares surrendered to pay tax liability due at vesting.
- F2Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
- F3Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.
- F4Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.
- F5The 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.
- F6Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2018 vesting commencement date.