Filing Details
- Accession Number:
- 0000796343-23-000015
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-01-26 16:59:53
- Reporting Period:
- 2023-01-24
- Accepted Time:
- 2023-01-26 16:59:53
- 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 |
|---|---|---|---|---|---|---|---|
| 1674730 | Scott Belsky | Adobe Inc. 345 Park Avenue San Jose CA 95110 | Evp, Cpo, Creative 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 | 2023-01-24 | 774 | $0.00 | 24,991 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-01-24 | 3,310 | $361.32 | 21,681 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2023-01-24 | 630 | $0.00 | 22,311 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-01-24 | 327 | $361.32 | 21,984 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2023-01-24 | 6,356 | $0.00 | 28,340 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-01-24 | 253 | $361.32 | 28,087 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2023-01-24 | 469 | $0.00 | 28,556 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-01-24 | 259 | $361.32 | 28,297 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2023-01-24 | 2,424 | $0.00 | 30,721 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-01-24 | 1,340 | $361.32 | 29,381 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2023-01-25 | 2,906 | $355.42 | 26,475 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Performance Shares | Disposition | 2023-01-24 | 6,356 | $0.00 | 6,356 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-01-24 | 774 | $0.00 | 774 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-01-24 | 630 | $0.00 | 630 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-01-24 | 469 | $0.00 | 469 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-01-24 | 2,424 | $0.00 | 2,424 | $0.00 |
| Common Stock | Performance Shares | Acquisiton | 2023-01-24 | 31,866 | $0.00 | 31,866 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2023-01-24 | 15,933 | $0.00 | 15,933 | $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 | ||
| 2,523 | No | 4 | M | Direct | ||
| 3,753 | No | 4 | M | Direct | ||
| 7,270 | No | 4 | M | Direct | ||
| 31,866 | No | 5 | A | Direct | ||
| 15,933 | No | 4 | A | Direct |
Footnotes
- 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 on December 22, 2021.
- The Performance Shares vested in full upon the certification of performance goal achievement at 63% following the three-year anniversary of the January 24, 2020 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.
- Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
- Vests 25% on the first anniversary of the January 24, 2022 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 achievements following the three-year anniversary of the January 24, 2023 vesting commencement date if the performance goals are achieved.
- Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
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