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Filing Details

Accession Number:: 0000796343-19-000026
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-01-28 16:30:54
Reporting Period:: 2019-01-24

Accepted Time:: 2019-01-28 16:30:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
796343	Adobe Inc.	ADBE	Services-Prepackaged Software (7372)	770019522

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1224154	Shantanu Narayen	Adobe Inc. 345 Park Avenue San Jose CA 95110	Chairman, President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2019-01-25	195,930	$0.00	495,584	No	4	M	Indirect	by trust
Common Stock	Disposition	2019-01-25	97,142	$242.56	398,442	No	4	F	Indirect	by trust
Common Stock	Acquisiton	2019-01-25	32,655	$0.00	431,097	No	4	M	Indirect	by trust
Common Stock	Disposition	2019-01-25	16,203	$242.56	414,894	No	4	F	Indirect	by trust
Common Stock	Acquisiton	2019-01-25	28,327	$0.00	443,221	No	4	M	Indirect	by trust
Common Stock	Disposition	2019-01-25	14,044	$242.56	429,177	No	4	F	Indirect	by trust
Common Stock	Acquisiton	2019-01-25	20,449	$0.00	449,626	No	4	M	Indirect	by trust
Common Stock	Disposition	2019-01-25	10,138	$242.56	439,488	No	4	F	Indirect	by trust
Common Stock	Disposition	2019-01-25	72,108	$244.76	367,380	No	4	S	Indirect	by trust
Common Stock	Disposition	2019-01-25	47,131	$245.81	320,249	No	4	S	Indirect	by trust
Common Stock	Disposition	2019-01-25	20,595	$246.67	299,654	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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance Shares	Disposition	2019-01-24	195,930	$0.00	195,930	$0.00
Common Stock	Restricted Stock Unit	Disposition	2019-01-24	32,655	$0.00	32,655	$0.00
Common Stock	Restricted Stock Unit	Disposition	2019-01-24	28,327	$0.00	28,327	$0.00
Common Stock	Restricted Stock Unit	Disposition	2019-01-24	20,449	$0.00	20,449	$0.00
Common Stock	Performance Shares	Acquisiton	2019-01-24	123,742	$0.00	123,742	$0.00
Common Stock	Performance Shares	Acquisiton	2019-01-24	61,872	$0.00	61,872	$0.00
Common Stock	Restricted Stock Unit	Acquisiton	2019-01-24	41,248	$0.00	41,248	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	No	4	M	Direct
0	No	4	M	Direct
28,326	No	4	M	Direct
40,896	No	4	M	Direct
123,742	No	5	A	Direct
61,872	No	5	A	Direct
41,248	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 September 21, 2018.
This transaction was executed in multiple trades at prices ranging from $244.20 to $245.19. 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 $245.20 to $246.19. 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 $246.20 to $247.06. 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, 2016 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.
Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2018 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, 2019 vesting commencement date if the performance goal is achieved.
Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.