Filing Details
- Accession Number:
- 0000796343-21-000024
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-01-26 18:07:46
- Reporting Period:
- 2021-01-24
- Accepted Time:
- 2021-01-26 18:07:46
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2021-01-24 | 122,690 | $0.00 | 491,935 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2021-01-24 | 60,829 | $472.44 | 431,106 | No | 4 | F | Indirect | by trust |
| Common Stock | Acquisiton | 2021-01-24 | 20,448 | $0.00 | 451,554 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2021-01-24 | 10,146 | $472.44 | 441,408 | No | 4 | F | Indirect | by trust |
| Common Stock | Acquisiton | 2021-01-24 | 2,578 | $0.00 | 443,986 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2021-01-24 | 1,278 | $472.44 | 442,708 | No | 4 | F | Indirect | by trust |
| Common Stock | Acquisiton | 2021-01-24 | 7,027 | $0.00 | 449,735 | No | 4 | M | Indirect | by trust |
| Common Stock | Disposition | 2021-01-24 | 3,483 | $472.44 | 446,252 | No | 4 | F | Indirect | by trust |
| Common Stock | Disposition | 2021-01-25 | 908 | $464.79 | 445,344 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2021-01-25 | 734 | $465.73 | 444,610 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2021-01-25 | 941 | $467.07 | 443,669 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2021-01-25 | 2,874 | $467.96 | 440,795 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2021-01-25 | 5,755 | $469.17 | 435,040 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2021-01-25 | 10,444 | $470.14 | 424,596 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2021-01-25 | 12,803 | $471.20 | 411,793 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2021-01-25 | 13,017 | $472.20 | 398,776 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2021-01-25 | 22,380 | $473.13 | 376,396 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2021-01-25 | 7,097 | $474.11 | 369,299 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2021-01-25 | 847 | $475.17 | 368,452 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2021-01-25 | 1,122 | $476.57 | 367,330 | No | 4 | S | Indirect | by trust |
| Common Stock | Disposition | 2021-01-25 | 1,985 | $477.15 | 365,345 | 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 |
| No | 4 | S | Indirect | by trust |
| No | 4 | S | Indirect | by trust |
| No | 4 | S | Indirect | by trust |
| No | 4 | S | Indirect | by trust |
| No | 4 | S | Indirect | by trust |
| No | 4 | S | Indirect | by trust |
| No | 4 | S | 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 | 2021-01-24 | 122,690 | $0.00 | 122,690 | $0.00 |
| Common Stock | Restricted Stock Unit | Disposition | 2021-01-24 | 20,448 | $0.00 | 20,448 | $0.00 |
| Common Stock | Restricted Stock Unit | Disposition | 2021-01-24 | 2,578 | $0.00 | 2,578 | $0.00 |
| Common Stock | Restricted Stock Unit | Disposition | 2021-01-24 | 7,027 | $0.00 | 7,027 | $0.00 |
| Common Stock | Performance Shares | Acquisiton | 2021-01-25 | 97,578 | $0.00 | 97,578 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2021-01-25 | 20,910 | $0.00 | 20,910 | $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 | ||
| 20,624 | No | 4 | M | Direct | ||
| 21,079 | No | 4 | M | Direct | ||
| 97,578 | No | 5 | A | Direct | ||
| 20,910 | 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 8, 2020.
- This transaction was executed in multiple trades at prices ranging from $464.23 to $465.19. 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 $465.37 to $465.97. 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 $466.48 to $467.355. 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 $467.53 to $468.50. 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 $468.64 to $469.62. 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 $469.645 to $470.63. 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 $470.64 to $471.62. 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 $471.665 to $472.66. 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 $472.67 to $473.665. 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 $473.745 to $474.65. 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 $474.76 to $475.48. 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 $475.77 to $476.69. 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 $476.84 to $477.60. 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.
- The Performance Shares vested in full upon the certification of performance goal achievement at 200% following the three-year anniversary of the January 24, 2018 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.
- Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
- Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
- 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, 2021 vesting commencement date if the performance goal is achieved.
- Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
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