AI assistant
ADOBE INC. — Director's Dealing 2015
Aug 25, 2015
29815_dirs_2015-08-25_01820acc-660f-46aa-a63a-958cbeec9db7.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2015-08-23
Reporting Person: DILLON MICHAEL A (SVP, Gen. Counsel & Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-08-23 | Common Stock | M | 27500 | — | Acquired | 51098 | Direct |
| 2015-08-23 | Common Stock | F | 14349 | $78.87 | Disposed | 36749 | Direct |
| 2015-08-24 | Common Stock | S | 400 | $71.905 | Disposed | 36349 | Direct |
| 2015-08-24 | Common Stock | S | 500 | $73.169 | Disposed | 35849 | Direct |
| 2015-08-24 | Common Stock | S | 2600 | $74.5731 | Disposed | 33249 | Direct |
| 2015-08-24 | Common Stock | S | 2576 | $75.2586 | Disposed | 30673 | Direct |
| 2015-08-24 | Common Stock | S | 500 | $75.984 | Disposed | 30173 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-08-23 | Restricted Stock Units | $0.0 | M | 27500 | Disposed | Common Stock (27500.0) | Direct |
Footnotes
F1: Includes 345 shares acquired on June 30, 2015 pursuant to Adobe's 1997 Employee Stock Purchase Plan, as amended.
F2: Shares surrendered to pay tax liability due at vesting of Restricted Stock Units. Shares were calculated using the closing price on August 21, 2015, as the 2015 vesting date was Sunday, August 23, 2015.
F3: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person July 16, 2014.
F4: This transaction was executed in multiple trades at prices ranging from $71.50 to $72.31. 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.
F5: This transaction was executed in multiple trades at prices ranging from $72.81 to $73.805. 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.
F6: This transaction was executed in multiple trades at prices ranging from $73.85 to $74.84. 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.
F7: This transaction was executed in multiple trades at prices ranging from $74.91 to $75.85. 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.
F8: This transaction was executed in multiple trades at prices ranging from $75.92 to $76.08. 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.
F9: RSU award granted on August 23, 2012 vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the grant date. The remaining units will vest on August 23, 2016.