Filing Details
- Accession Number:
- 0000796343-17-000051
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-01-26 16:13:27
- Reporting Period:
- 2017-01-24
- Filing Date:
- 2017-01-26
- Accepted Time:
- 2017-01-26 16:13:27
- 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 |
|---|---|---|---|---|---|---|---|
| 1224154 | Shantanu Narayen | Adobe Systems Incorporated 345 Park Avenue San Jose CA 95110 | President And Ceo | Yes | 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 | 2017-01-24 | 250,569 | $0.00 | 549,812 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2017-01-24 | 130,746 | $113.72 | 419,066 | No | 4 | F | Indirect | by trust |
| Common Stock | Acquisiton | 2017-01-24 | 42,183 | $0.00 | 461,249 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2017-01-24 | 22,011 | $113.72 | 439,238 | No | 4 | F | Indirect | by trust |
| Common Stock | Acquisiton | 2017-01-24 | 37,833 | $0.00 | 477,071 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2017-01-24 | 19,741 | $113.72 | 457,330 | No | 4 | F | Indirect | by trust |
| Common Stock | Acquisiton | 2017-01-24 | 32,655 | $0.00 | 489,985 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2017-01-24 | 17,039 | $113.72 | 472,946 | No | 4 | F | Indirect | by trust |
| Common Stock | Disposition | 2017-01-25 | 169,203 | $113.90 | 303,743 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2017-01-25 | 4,500 | $114.39 | 299,243 | No | 4 | S | Indirect | by trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Indirect | by trust |
| No | 4 | F | Indirect | by trust |
| No | 4 | M | Indirect | by trust |
| No | 4 | F | Indirect | by trust |
| No | 4 | M | Indirect | by trust |
| No | 4 | F | Indirect | by trust |
| No | 4 | M | Indirect | by trust |
| No | 4 | F | Indirect | by trust |
| No | 4 | S | Indirect | by trust |
| No | 4 | S | Indirect | by trust |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Performance Shares | Disposition | 2017-01-24 | 250,569 | $0.00 | 250,569 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2017-01-24 | 42,183 | $0.00 | 42,183 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2017-01-24 | 37,833 | $0.00 | 37,833 | $0.00 |
| Common Stock | Restricted Stock Unit | Disposition | 2017-01-24 | 32,655 | $0.00 | 32,655 | $0.00 |
| Common Stock | Performance Shares | Acquisiton | 2017-01-24 | 169,960 | $0.00 | 169,960 | $0.00 |
| Common Stock | Restricted Stock Unit | Acquisiton | 2017-01-24 | 84,980 | $0.00 | 84,980 | $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 | ||
| 37,833 | No | 4 | M | Direct | ||
| 65,310 | No | 4 | M | Direct | ||
| 169,960 | No | 5 | A | Direct | ||
| 84,980 | No | 4 | A | Direct |
Footnotes
- Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
- 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 June 28, 2016.
- This transaction was executed in multiple trades at prices ranging from $113.305 to $114.27. 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 $114.32 to $114.57. 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.
- The Performance Shares vested in full upon the certification of performance goal achievement at 198% following the three-year anniversary of the January 24, 2014 grant date.
- Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 vesting commencement date.
- Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.
- Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
- The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2017 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, 2017 vesting commencement date.
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