Filing Details
- Accession Number:
- 0001127602-21-031883
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-12-23 20:37:26
- Reporting Period:
- 2021-12-22
- Accepted Time:
- 2021-12-23 20:37:26
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1108524 | Salesforce.com Inc. | CRM | Services-Prepackaged Software (7372) | 943320693 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1610312 | Steven Bret Taylor | 415 Mission Street 3Rd Floor San Francisco CA 94105 | Vice Chair Of The Board, Coceo | 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 | 2021-12-22 | 1,324 | $0.00 | 924,706 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2021-12-22 | 967 | $0.00 | 925,673 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-12-23 | 1,151 | $251.47 | 924,522 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Performance-Based Restricted Stock Units | Acquisiton | 2021-12-22 | 14,087 | $0.00 | 14,087 | $0.00 |
| Common Stock | Non-qualified Stock Option (Right to Buy) | Acquisiton | 2021-12-22 | 30,226 | $252.80 | 30,226 | $252.80 |
| Common Stock | Restricted Stock Units | Disposition | 2021-12-22 | 1,324 | $0.00 | 1,324 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2021-12-22 | 967 | $0.00 | 967 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 14,087 | 2025-01-15 | 2025-01-15 | No | 4 | A | Direct |
| 30,226 | 2022-12-22 | 2028-12-22 | No | 4 | A | Direct |
| 1,324 | 2019-03-22 | 2022-03-22 | No | 4 | M | Direct |
| 4,838 | 2020-03-22 | 2023-03-22 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 234,458 | Indirect | By Trusts |
Footnotes
- Represents a sale of shares to satisfy the tax withholding obligations of the Issuer with respect to the settlement of shares that were earned by the holder pursuant to a restricted stock unit award that vested based on the holder's continued employment through Decenter 22, 2021.
- Each performance-based restricted stock unit, or PRSU, represents a contingent right to receive one share of Issuer common stock.
- The PRSUs will vest depending on Issuer's total shareholder return ("TSR") over the three-year period from the grant date (the "Performance Period"), relative to companies in the NASDAQ-100 Index as of the grant date (the "Index Group"). If Issuer's TSR over the Performance Period is at the 60th percentile when ranked against the Index Group TSRs, 100% of the target number of shares will vest. For every percentile by which Issuer's TSR ranking within the Index Group exceeds the 60th percentile, shares vesting will increase by 3 and 1/3%, up to a maximum payout of 200% of target if Issuer's TSR ranking is at the 99th percentile. For every percentile by which Issuer's TSR ranking within the Index Group is below the 60th percentile, shares vesting will decrease by 2 and 22/39%, with no payout if Issuer's TSR ranking is below the 30th percentile. If Issuer's absolute TSR over the Performance Period is negative, the number of shares vesting will not exceed 100% of target.
- Option vests over four years at the rate of 25% on December 22, 2022, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months.
- Restricted Stock Units convert to shares of common stock on a one-for-one basis.
- These restricted stock units vested as to 25% of the original grant on March 22, 2019 and vest as to 1/16 of the original grant quarterly thereafter.
- These restricted stock units vested as to 25% of the original grant on March 22, 2020 and vest as to 1/16 of the original grant quarterly thereafter.
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