SEC Form 4 · accession 0001140361-16-073300
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 21, 2016
Accepted (ET)
Jul 25, 2016 · 7:50 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 | $113.19 | Jul 21, 2016 | A | 213,000 | A | — | Jul 20, 2023 | Common Stock | 213,000 | 213,000 | D |
| Restricted Stock UnitsF2,F3,F4,F5 | — | Jul 21, 2016 | A | 36,000 | A | — | — | Common Stock | 36,000 | 36,000 | D |
| Restricted Stock Units (performance-based vesting)F2,F6,F3,F5 | — | Jul 21, 2016 | A | 74,000 | A | — | — | Common Stock | 74,000 | 74,000 | D |
Explanation of responses
- F1One-third of the options vest on the one-year anniversary of the grant 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 7/21/2017, 7/21/2018, and 7/21/2019 provided a pre-determined 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 vests 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 9/1/2019. 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.