SEC Form 4 · accession 0000796343-19-000034
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ann Lewnes
Officer — EVP, Chief Marketing Officer
Period of report
Jan 24, 2019
Accepted (ET)
Jan 28, 2019 · 4:40 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, 2019 | M | 38,100 | $0.00 | A | 88,240 | D | |
| Common StockF1 | Jan 24, 2019 | F | 18,889 | $242.56 | D | 69,351 | D | |
| Common Stock | Jan 24, 2019 | M | 6,350 | $0.00 | A | 75,701 | D | |
| Common StockF1 | Jan 24, 2019 | F | 2,549 | $242.56 | D | 73,152 | D | |
| Common Stock | Jan 24, 2019 | M | 6,295 | $0.00 | A | 79,447 | D | |
| Common StockF1 | Jan 24, 2019 | F | 3,121 | $242.56 | D | 76,326 | D | |
| Common Stock | Jan 24, 2019 | M | 4,049 | $0.00 | A | 80,375 | D | |
| Common StockF1 | Jan 24, 2019 | F | 2,007 | $242.56 | D | 78,368 | 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, 2019 | M | 38,100 | D | — | — | Common Stock | 38,100 | 0 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 24, 2019 | M | 6,350 | D | — | — | Common Stock | 6,350 | 0 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 24, 2019 | M | 6,295 | D | — | — | Common Stock | 6,295 | 6,295 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 24, 2019 | M | 4,049 | D | — | — | Common Stock | 4,049 | 8,096 | D |
| Performance SharesF6,F7 | $0.00 | Jan 24, 2019 | A | 19,594 | A | — | — | Common Stock | 19,594 | 19,594 | D |
| Restricted Stock UnitsF8 | $0.00 | Jan 24, 2019 | A | 9,797 | A | — | — | Common Stock | 9,797 | 9,797 | 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, 2016 vesting commencement date.
- F3Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
- F4Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.
- F5Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2018 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, 2019 vesting commencement date if the performance goal is achieved.
- F8Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.