SEC Form 4 · accession 0000796343-19-000036
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dana Rao
Officer — EVP, Gen. Counsel & Secretary
Period of report
Jan 24, 2019
Accepted (ET)
Jan 28, 2019 · 4:43 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 | 5,990 | $0.00 | A | 24,301 | D | |
| Common StockF1 | Jan 24, 2019 | F | 2,501 | $242.56 | D | 21,800 | D | |
| Common Stock | Jan 24, 2019 | M | 998 | $0.00 | A | 22,798 | D | |
| Common StockF1 | Jan 24, 2019 | F | 367 | $242.56 | D | 22,431 | D | |
| Common Stock | Jan 24, 2019 | M | 867 | $0.00 | A | 23,298 | D | |
| Common StockF1 | Jan 24, 2019 | F | 429 | $242.56 | D | 22,869 | D | |
| Common Stock | Jan 24, 2019 | M | 342 | $0.00 | A | 23,211 | D | |
| Common StockF1 | Jan 24, 2019 | F | 169 | $242.56 | D | 23,042 | 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 | 5,990 | D | — | — | Common Stock | 5,990 | 0 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 24, 2019 | M | 998 | D | — | — | Common Stock | 998 | 0 | D |
| Restricted Stock UnitsF4 | $0.00 | Jan 24, 2019 | M | 867 | D | — | — | Common Stock | 867 | 866 | D |
| Restricted Stock UnitsF5 | $0.00 | Jan 24, 2019 | M | 342 | D | — | — | Common Stock | 342 | 683 | D |
| Performance SharesF6,F7 | $0.00 | Jan 24, 2019 | A | 16,500 | A | — | — | Common Stock | 16,500 | 16,500 | D |
| Restricted Stock UnitsF8 | $0.00 | Jan 24, 2019 | A | 8,250 | A | — | — | Common Stock | 8,250 | 8,250 | 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 of the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
- F4Vests at a rate of 1/3 annually of the first, second and third anniversaries of the January 24, 2017 vesting commencement date.
- F5Vests at a rate of 1/3 annually of 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.