SEC Form 4 · accession 0000796343-18-000140
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Abhay Parasnis
Officer — EVP & CTO
Period of report
Jul 20, 2018
Accepted (ET)
Jul 24, 2018 · 4:51 pm EDT
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 | Jul 20, 2018 | M | 41,750 | $0.00 | A | 62,575 | D | |
| Common StockF2 | Jul 20, 2018 | F | 20,699 | $257.54 | D | 41,876 | D | |
| Common StockF3 | Jul 24, 2018 | S | 10,500 | $260.0055 | D | 31,376 | 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 UnitsF4 | $0.00 | Jul 20, 2018 | M | 41,750 | D | — | — | Common Stock | 41,750 | 0 | D |
Explanation of responses
- F1Includes 140 shares acquired on June 29, 2018 pursuant to Adobe's 1997 Employee Stock Purchase Plan, as amended.
- F2Shares surrendered to pay tax liability due at vesting of Restricted Stock Units.
- F3This transaction was executed in multiple trades at prices ranging from $259.97 to $260.14. 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.
- F4Vests at a rate of 50% on each of the second and third anniversaries of the July 20, 2015 vesting commencement date.