Filing Details
- Accession Number:
- 0000796343-16-000244
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-01-27 16:43:42
- Reporting Period:
- 2016-01-24
- Filing Date:
- 2016-01-27
- Accepted Time:
- 2016-01-27 16:43:42
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 796343 | Adobe Systems Inc | ADBE | Services-Prepackaged Software (7372) | 770019522 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1246215 | Mark Garrett | Adobe Systems Incorporated 345 Park Avenue San Jose CA 95110 | Evp, Cfo & Asst. Secretary | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2016-01-24 | 15,625 | $0.00 | 15,625 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-01-24 | 6,577 | $89.63 | 9,048 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2016-01-24 | 69,300 | $0.00 | 78,348 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-01-24 | 36,160 | $89.63 | 42,188 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2016-01-24 | 11,967 | $0.00 | 54,155 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-01-24 | 6,244 | $89.63 | 47,911 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2016-01-24 | 11,467 | $0.00 | 59,378 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-01-24 | 5,983 | $89.63 | 53,395 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2016-01-25 | 16,613 | $87.90 | 36,782 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2016-01-25 | 36,782 | $88.81 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2016-01-24 | 15,625 | $0.00 | 15,625 | $0.00 |
| Common Stock | Performance Shares | Disposition | 2016-01-24 | 69,300 | $0.00 | 69,300 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2016-01-24 | 11,967 | $0.00 | 11,967 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2016-01-24 | 11,467 | $0.00 | 11,467 | $0.00 |
| Common Stock | Performance Shares | Acquisiton | 2016-01-25 | 54,430 | $0.00 | 54,430 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2016-01-25 | 27,215 | $0.00 | 27,215 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 11,966 | No | 4 | M | Direct | ||
| 22,933 | No | 4 | M | Direct | ||
| 54,430 | No | 4 | A | Direct | ||
| 27,215 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 50,000 | Indirect | by trust |
| Common Stock | 107 | Indirect | by trust |
Footnotes
- Shares surrendered to pay tax liability due at vesting.
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person July 20, 2015.
- This transaction was executed in multiple trades at prices ranging from $87.41 to $88.40. 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.
- This transaction was executed in multiple trades at prices ranging from $88.41 to $89.23. 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.
- Shares held by the Garrett Living Trust, dtd 11/15/91, of which the reporting person is a trustee.
- Shares held by the Garrett Family Investment Partnership LP.
- RSU award granted on January 24, 2012 vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the grant date.
- The Performance Shares vested in full upon the certification of performance goal achievement at 198% following the three-year anniversary of the January 24, 2013 grant date.
- Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 grant date.
- Vests 1/3 on each of January 24, 2016, January 24, 2017 and January 24, 2018.
- The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2016 vesting commencement date, if the performance goal is achieved.
- Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
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