SEC Form 4 · accession 0000796343-18-000035
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Thompson
Officer — EVP WW Field Operations
Period of report
Jan 24, 2018
Accepted (ET)
Jan 26, 2018 · 4:15 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 | 68,800 | $0.00 | A | 118,800 | I | Trust |
| Common StockF2,F1 | Jan 24, 2018 | F | 33,372 | $197.78 | D | 85,428 | I | Trust |
| Common StockF1 | Jan 24, 2018 | M | 11,466 | $0.00 | A | 96,894 | I | Trust |
| Common StockF2,F1 | Jan 24, 2018 | F | 5,684 | $197.78 | D | 91,210 | I | Trust |
| Common StockF1 | Jan 24, 2018 | M | 9,525 | $0.00 | A | 100,735 | I | Trust |
| Common StockF2,F1 | Jan 24, 2018 | F | 4,722 | $197.78 | D | 96,013 | I | Trust |
| Common StockF1 | Jan 24, 2018 | M | 9,444 | $0.00 | A | 105,457 | I | Trust |
| Common StockF2,F1 | Jan 24, 2018 | F | 4,682 | $197.78 | D | 100,775 | I | Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF3 | $0.00 | Jan 24, 2018 | M | 68,800 | D | — | — | Common Stock | 68,800 | 0 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 24, 2018 | M | 11,466 | D | — | — | Common Stock | 11,466 | 0 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 24, 2018 | M | 9,525 | D | — | — | Common Stock | 9,525 | 9,525 | D |
| Restricted Stock UnitsF6 | $0.00 | Jan 24, 2018 | M | 9,444 | D | — | — | Common Stock | 9,444 | 18,886 | D |
| Performance SharesF7,F8 | $0.00 | Jan 24, 2018 | A | 30,680 | A | — | — | Common Stock | 30,680 | 30,680 | D |
| Restricted Stock UnitsF9 | $0.00 | Jan 24, 2018 | A | 15,340 | A | — | — | Common Stock | 15,340 | 15,340 | D |
Explanation of responses
- F1Shares held by The Thompson Living Trust u/a dtd 08/28/1997 of which the reporting person is a trustee.
- F2Shares surrendered to pay tax liability due at vesting.
- F3The 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.
- F4Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.
- F5Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
- F6Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.
- F7Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.
- F8The 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.
- F9Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2018 vesting commencement date.