Filing Details
- Accession Number:
- 0000796343-18-000033
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-01-26 16:14:30
- Reporting Period:
- 2018-01-24
- Accepted Time:
- 2018-01-26 16:14:30
- 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 |
|---|---|---|---|---|---|---|---|
| 1528579 | Bradley Rencher | Adobe Systems Incorporated 345 Park Avenue San Jose CA 95110 | Evp & Gm, Experience Cloud | 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 | 18,410 | $34.03 | 69,386 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-01-24 | 18,410 | $197.33 | 50,976 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2018-01-24 | 51,600 | $0.00 | 102,576 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-01-24 | 22,146 | $197.78 | 80,430 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2018-01-24 | 8,600 | $0.00 | 89,030 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-01-24 | 3,814 | $197.78 | 85,216 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2018-01-24 | 8,618 | $0.00 | 93,834 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-01-24 | 3,822 | $197.78 | 90,012 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2018-01-24 | 8,657 | $0.00 | 98,669 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-01-24 | 3,839 | $197.78 | 94,830 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | 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 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Options (right to buy) | Disposition | 2018-01-24 | 18,410 | $0.00 | 18,410 | $34.03 |
| Common Stock | Performance Shares | Disposition | 2018-01-24 | 51,600 | $0.00 | 51,600 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2018-01-24 | 8,600 | $0.00 | 8,600 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2018-01-24 | 8,618 | $0.00 | 8,618 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2018-01-24 | 8,657 | $0.00 | 8,657 | $0.00 |
| Common Stock | Performance Shares | Acquisiton | 2018-01-24 | 31,950 | $0.00 | 31,950 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2018-01-24 | 15,975 | $0.00 | 15,975 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2018-01-24 | 2018-01-24 | No | 4 | M | Direct |
| 0 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 8,618 | No | 4 | M | Direct | ||
| 17,313 | No | 4 | M | Direct | ||
| 31,950 | No | 5 | A | Direct | ||
| 15,975 | No | 4 | A | Direct |
Footnotes
- This transaction was executed in multiple trades at prices ranging from $197.29 to $197.60. 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 surrendered to pay tax liability due at vesting.
- Options granted January 24, 2011 are fully vested and exercisable.
- 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.
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