SEC Form 4 · accession 0000796343-19-000042
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, 2019
Accepted (ET)
Jan 28, 2019 · 4:51 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, 2019 | M | 57,150 | $0.00 | A | 107,290 | I | Trust |
| Common StockF2,F1 | Jan 24, 2019 | F | 28,334 | $242.56 | D | 78,956 | I | Trust |
| Common StockF1 | Jan 24, 2019 | M | 9,525 | $0.00 | A | 88,481 | I | Trust |
| Common StockF2,F1 | Jan 24, 2019 | F | 4,122 | $242.56 | D | 84,359 | I | Trust |
| Common StockF1 | Jan 24, 2019 | M | 9,443 | $0.00 | A | 93,802 | I | Trust |
| Common StockF2,F1 | Jan 24, 2019 | F | 4,681 | $242.56 | D | 89,121 | I | Trust |
| Common StockF1 | Jan 24, 2019 | M | 5,114 | $0.00 | A | 94,235 | I | Trust |
| Common StockF2,F1 | Jan 24, 2019 | F | 2,535 | $242.56 | D | 91,700 | I | Trust |
| Common StockF3,F1 | Jan 25, 2019 | S | 3,499 | $243.9068 | D | 88,201 | I | Trust |
| Common StockF4,F1 | Jan 25, 2019 | S | 25,226 | $245.2146 | D | 62,975 | I | Trust |
| Common StockF5,F1 | Jan 25, 2019 | S | 12,275 | $245.8158 | D | 50,700 | I | Trust |
| Common StockF6,F1 | Jan 28, 2019 | S | 560 | $241.6132 | D | 50,140 | 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 SharesF7 | $0.00 | Jan 24, 2019 | M | 57,150 | D | — | — | Common Stock | 57,150 | 0 | D |
| Restricted Stock UnitsF8 | $0.00 | Jan 24, 2019 | M | 9,525 | D | — | — | Common Stock | 9,525 | 0 | D |
| Restricted Stock UnitsF9 | $0.00 | Jan 24, 2019 | M | 9,443 | D | — | — | Common Stock | 9,443 | 9,443 | D |
| Restricted Stock UnitsF10 | $0.00 | Jan 24, 2019 | M | 5,114 | D | — | — | Common Stock | 5,114 | 10,226 | D |
| Performance SharesF11,F12 | $0.00 | Jan 24, 2019 | A | 22,688 | A | — | — | Common Stock | 22,688 | 22,688 | D |
| Restricted Stock UnitsF13 | $0.00 | Jan 24, 2019 | A | 11,344 | A | — | — | Common Stock | 11,344 | 11,344 | 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.
- F10Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2018 vesting commencement date.
- F11Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.
- F12The 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.
- F13Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
- F2Shares surrendered to pay tax liability due at vesting.
- F3This transaction was executed in multiple trades at prices ranging from $243.52 to $244.38. 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.
- F4This transaction was executed in multiple trades at prices ranging from $244.58 to $245.55. 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.
- F5This transaction was executed in multiple trades at prices ranging from $245.60 to $246.21. 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.
- F6This transaction was executed in multiple trades at prices ranging from $241.52 to $241.71. 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.
- F7The 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.
- F8Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
- F9Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.