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ADOBE INC. — Director's Dealing 2017
Jan 26, 2017
29815_dirs_2017-01-26_30337d23-1b22-49c8-86c5-ada8b92a2141.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: 2017-01-24
Reporting Person: DILLON MICHAEL A (EVP, Gen. Counsel & Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-01-24 | Common Stock | M | 37620 | — | Acquired | 68744 | Direct |
| 2017-01-24 | Common Stock | F | 19630 | $113.72 | Disposed | 49114 | Direct |
| 2017-01-24 | Common Stock | M | 6333 | — | Acquired | 55447 | Direct |
| 2017-01-24 | Common Stock | F | 3304 | $113.72 | Disposed | 52143 | Direct |
| 2017-01-24 | Common Stock | M | 5733 | — | Acquired | 57876 | Direct |
| 2017-01-24 | Common Stock | F | 2991 | $113.72 | Disposed | 54885 | Direct |
| 2017-01-24 | Common Stock | M | 6350 | — | Acquired | 61235 | Direct |
| 2017-01-24 | Common Stock | F | 3313 | $113.72 | Disposed | 57922 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-01-24 | Performance Shares | $0.0 | M | 37620 | Disposed | Common Stock (37620.0) | Direct | |
| 2017-01-24 | Restricted Stock Units | $0.0 | M | 6333 | Disposed | Common Stock (6333.0) | Direct | |
| 2017-01-24 | Restricted Stock Units | $0.0 | M | 5733 | Disposed | Common Stock (5733.0) | Direct | |
| 2017-01-24 | Restricted Stock Units | $0.0 | M | 6350 | Disposed | Common Stock (6350.0) | Direct | |
| 2017-01-24 | Performance Shares | $0.0 | A | 37770 | Acquired | Common Stock (37770.0) | Direct | |
| 2017-01-24 | Restricted Stock Units | $0.0 | A | 18885 | Acquired | Common Stock (18885.0) | Direct |
Footnotes
F1: Shares surrendered to pay tax liability due at vesting.
F2: The Performance Shares vested in full upon the certification of performance goal achievement at 198% following the three-year anniversary of the January 24, 2014 grant date.
F3: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 vesting commencement date.
F4: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.
F5: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
F6: The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2017 grant date, if the performance goal is achieved.
F7: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.