Filing Details
- Accession Number:
- 0000796343-18-000027
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-01-26 16:11:21
- Reporting Period:
- 2018-01-24
- Accepted Time:
- 2018-01-26 16:11:21
- 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 |
|---|---|---|---|---|---|---|---|
| 1598108 | Donna Morris | Adobe Systems Incorporated 345 Park Avenue San Jose CA 95110 | Evp, Cust. & Emp. Experience | 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 | 2018-01-24 | 37,900 | $0.00 | 102,983 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2018-01-24 | 18,057 | $197.78 | 84,926 | No | 4 | F | Indirect | by trust |
| Common Stock | Acquisiton | 2018-01-24 | 6,316 | $0.00 | 91,242 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2018-01-24 | 3,131 | $197.78 | 88,111 | No | 4 | F | Indirect | by trust |
| Common Stock | Acquisiton | 2018-01-24 | 6,350 | $0.00 | 94,461 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2018-01-24 | 3,148 | $197.78 | 91,313 | No | 4 | F | Indirect | by trust |
| Common Stock | Acquisiton | 2018-01-24 | 6,295 | $0.00 | 97,608 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2018-01-24 | 3,121 | $197.78 | 94,487 | No | 4 | F | Indirect | by trust |
| Common Stock | Disposition | 2018-01-25 | 12,097 | $196.72 | 82,390 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2018-01-25 | 7,907 | $197.73 | 74,483 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2018-01-25 | 9,400 | $198.70 | 65,083 | 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 |
| 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 | 2018-01-24 | 37,900 | $0.00 | 37,900 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2018-01-24 | 6,316 | $0.00 | 6,316 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2018-01-24 | 6,350 | $0.00 | 6,350 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2018-01-24 | 6,295 | $0.00 | 6,295 | $0.00 |
| Common Stock | Performance Shares | Acquisiton | 2018-01-24 | 24,290 | $0.00 | 24,290 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2018-01-24 | 12,145 | $0.00 | 12,145 | $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 | ||
| 6,350 | No | 4 | M | Direct | ||
| 12,590 | No | 4 | M | Direct | ||
| 24,290 | No | 5 | A | Direct | ||
| 12,145 | No | 4 | A | Direct |
Footnotes
- Shares held by The Morris Family Rev Trust.
- Shares surrendered to pay tax liability due at vesting.
- This transaction was executed in multiple trades at prices ranging from $196.18 to $197.15. 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 $197.18 to $198.16. 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 $198.19 to $199.15. 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 200% following the three-year anniversary of the January 24, 2015 grant 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.
- Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.
- Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.
- The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2018 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, 2018 vesting commencement date.
Billionaire Hedge Funds
