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ADOBE INC. — Director's Dealing 2016
Apr 1, 2016
29815_dirs_2016-04-01_9a43bdf1-0c8e-4b5e-ac1a-cca9db5ea06d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2016-04-01
Reporting Person: NARAYEN SHANTANU (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-04-01 | Common Stock | M | 22422 | $34.03 | Acquired | 321394 | Indirect |
| 2016-04-01 | Common Stock | S | 1300 | $93.3662 | Disposed | 320094 | Indirect |
| 2016-04-01 | Common Stock | S | 5330 | $94.6665 | Disposed | 314764 | Indirect |
| 2016-04-01 | Common Stock | S | 15792 | $95.031 | Disposed | 298972 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-04-01 | Stock Options (right to buy) | $34.03 | M | 22422 | Disposed | 2018-01-24 | Common Stock (22422.0) | Direct |
Footnotes
F1: The option exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person March 19, 2015.
F2: Shares held by The Narayen Family Trust, dtd 11/30/00, of which the reporting person is a trustee.
F3: This transaction was executed in multiple trades at prices ranging from $92.84 to $93.83. 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.
F4: This transaction was executed in multiple trades at prices ranging from $93.87 to $94.86. 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 $94.87 to $95.41. 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: Options granted January 24, 2011 are fully vested and exercisable.