SEC Form 4 · accession 0000796343-19-000040
ADOBE INC. · ADBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Belsky
Officer — EVP, Chief Product Officer
Period of report
Jan 24, 2019
Accepted (ET)
Jan 28, 2019 · 4:49 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 | holding | — | — | — | 7,103 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1,F2 | $0.00 | Jan 24, 2019 | A | 24,750 | A | — | — | Common Stock | 24,750 | 24,750 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 24, 2019 | A | 12,375 | A | — | — | Common Stock | 12,375 | 12,375 | D |
Explanation of responses
- F1Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.
- F2The 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.
- F3Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.