SEC Form 4 · accession 0000896878-15-000090
INTUIT INC. · INTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brad D Smith
Officer — CEO, President & Board member · Director
Period of report
Jul 23, 2015
Accepted (ET)
Jul 27, 2015 · 6:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000896878
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $107.25 | Jul 23, 2015 | A | 163,061 | A | — | Jul 22, 2022 | Common Stock | 163,061 | 163,061 | D |
| Restricted Stock UnitF2,F3,F4,F5 | — | Jul 23, 2015 | A | 29,603 | A | — | — | Common Stock | 29,603 | 29,603 | D |
| Restricted Stock Unit (performance-based vesting)F2,F6,F3,F5 | — | Jul 23, 2015 | A | 66,600 | A | — | — | Common Stock | 66,600 | 66,600 | D |
Explanation of responses
- F1One third of the options vest on 7/23/2016; thereafter, 2.778% of the options vest on the 23rd of each of the following 24 months.
- F2Dividend rights accrue on the underlying shares for this award and settle in cash upon vesting and issuance of those shares.
- F31-for-1
- F4One third of the Restricted Stock Units vest on each of 7/1/2016, 7/1/2017, and 7/1/2018. This award is subject to deferred release.
- F5This award is subject to deferred release. The vested restricted stock units have a release date one year from each date of vesting. Restricted Stock Units have no expiration date; they either vest or are canceled prior to vest date.
- F6The target number of units subject to the award is presented in the table; the number that vest may be 0% - 200% of this number ("awarded units"), depending upon performance. Following the achievement by the issuer of certain total shareholder return objectives, the awarded units will vest on 9/1/2018. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock. This award is subject to deferred release.