SEC Form 4 · accession 0000896878-17-000096
INTUIT INC. · INTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Brad D Smith
Officer — Chairman, CEO & President · Director
Period of report
Jul 20, 2017
Accepted (ET)
Jul 24, 2017 · 7:45 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 | $135.35 | Jul 20, 2017 | A | 139,000 | A | — | Jul 19, 2024 | Common Stock | 139,000 | 139,000 | D |
| Restricted Stock UnitsF2,F3,F4,F5 | — | Jul 20, 2017 | A | 26,000 | A | — | — | Common Stock | 26,000 | 26,000 | D |
| Restricted Stock Units (performance-based vesting)F2,F3,F6,F5 | — | Jul 20, 2017 | A | 58,000 | A | — | — | Common Stock | 58,000 | 58,000 | D |
Explanation of responses
- F1One-third of the options vest on the one-year anniversary of the drant date, and thereafter 2.778% of the options vest on each monthly anniversary of the first vesting date until 100% vested.
- 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 RSUs vest on each of 7/1/2018, 7/1/2019, and 7/1/2020 provided a predetermined one year operating goal threshold is achieved. This award is subject to deferred release; the vested RSUs have a release date one year from the date of vesting.
- F5RSUs have no expiration date; they either vest or are canceled prior to the 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 9/1/2020. 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; the vested RSUs have a release date one year from the date of vesting.