SEC Form 4 · accession 0000896878-18-000115
INTUIT INC. · INTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brad D Smith
Officer — Chairman, CEO & President · Director
Period of report
Jul 26, 2018
Accepted (ET)
Jul 30, 2018 · 5:00 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 | $216.64 | Jul 26, 2018 | A | 88,500 | A | — | Jul 25, 2025 | Common Stock | 88,500 | 88,500 | D |
| Restricted Stock UnitsF2,F3,F4,F5 | — | Jul 26, 2018 | A | 20,500 | A | — | — | Common Stock | 20,500 | 20,500 | D |
| Restricted Stock Units (performance based vesting)F2,F3,F6,F5 | — | Jul 26, 2018 | A | 41,000 | A | — | — | Common Stock | 41,000 | 41,000 | D |
Explanation of responses
- F125% of the awarded stock options will vest on July 26, 2019 and thereafter 2 1/12% of the options will vest on each monthly anniversary of the first vesting date until the award is fully 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
- F4Provided that a predetermined one year operating goal threshold is achieved, 25% of the awarded restricted stock units will vest on 7/1/2019 and thereafter 6.25% of the awarded restricted stock units will vest on each of October 1, December 31, April 1, and July 1 following the first vest date of 7/1/2019, until the award is fully vested. This award is subject to deferred release; the vested restricted stock units have a release date one year from the date of vesting.
- F5Restricted Stock Units do not expire; 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 9/1/2021. 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 restricted stock units have a release date one year from the date of vesting.