Filing Details
- Accession Number:
- 0000796343-18-000037
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-01-26 16:44:06
- Reporting Period:
- 2018-01-24
- Accepted Time:
- 2018-01-26 16:44:06
- 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 | Chairman, 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 | 2018-01-24 | 227,000 | $0.00 | 526,514 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2018-01-24 | 111,801 | $197.78 | 414,713 | No | 4 | F | Indirect | by trust |
| Common Stock | Acquisiton | 2018-01-24 | 37,833 | $0.00 | 452,546 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2018-01-24 | 18,757 | $197.78 | 433,789 | No | 4 | F | Indirect | by trust |
| Common Stock | Acquisiton | 2018-01-24 | 32,655 | $0.00 | 466,444 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2018-01-24 | 16,190 | $197.78 | 450,254 | No | 4 | F | Indirect | by trust |
| Common Stock | Acquisiton | 2018-01-24 | 28,327 | $0.00 | 478,581 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2018-01-24 | 14,044 | $197.78 | 464,537 | No | 4 | F | Indirect | by trust |
| Common Stock | Disposition | 2018-01-25 | 15,132 | $196.75 | 449,405 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2018-01-25 | 92,539 | $197.63 | 356,866 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2018-01-25 | 57,352 | $198.62 | 299,514 | 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 | 227,000 | $0.00 | 227,000 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2018-01-24 | 37,833 | $0.00 | 37,833 | $0.00 |
| Common Stock | Restricted Stock Unit | Disposition | 2018-01-24 | 32,655 | $0.00 | 32,655 | $0.00 |
| Common Stock | Restricted Stock Unit | Disposition | 2018-01-24 | 28,327 | $0.00 | 28,327 | $0.00 |
| Common Stock | Performance Shares | Acquisiton | 2018-01-24 | 122,690 | $0.00 | 122,690 | $0.00 |
| Common Stock | Restricted Stock Unit | Acquisiton | 2018-01-24 | 61,345 | $0.00 | 61,345 | $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 | ||
| 32,655 | No | 4 | M | Direct | ||
| 56,653 | No | 4 | M | Direct | ||
| 122,690 | No | 5 | A | Direct | ||
| 61,345 | 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 October 23, 2017.
- This transaction was executed in multiple trades at prices ranging from $196.21 to $197.20. 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 $197.21 to $198.20. 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 $198.22 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.
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