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ADOBE INC. — Director's Dealing 2017
Jan 26, 2017
29815_dirs_2017-01-26_bfed2060-4624-403e-b24a-4f6ff083c3b1.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: THOMPSON MATTHEW (EVP WW Field Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-01-24 | Common Stock | M | 79398 | — | Acquired | 131387 | Direct |
| 2017-01-24 | Common Stock | F | 41429 | $113.72 | Disposed | 89958 | Direct |
| 2017-01-24 | Common Stock | M | 13366 | — | Acquired | 103324 | Direct |
| 2017-01-24 | Common Stock | F | 6444 | $113.72 | Disposed | 96880 | Direct |
| 2017-01-24 | Common Stock | M | 11467 | — | Acquired | 108347 | Direct |
| 2017-01-24 | Common Stock | F | 5983 | $113.72 | Disposed | 102364 | Direct |
| 2017-01-24 | Common Stock | M | 9525 | — | Acquired | 111889 | Direct |
| 2017-01-24 | Common Stock | F | 4970 | $113.72 | Disposed | 106919 | Direct |
| 2017-01-25 | Common Stock | S | 55000 | $113.7805 | Disposed | 51919 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-01-24 | Performance Shares | $0.0 | M | 79398 | Disposed | Common Stock (79398.0) | Direct | |
| 2017-01-24 | Restricted Stock Units | $0.0 | M | 13366 | Disposed | Common Stock (13366.0) | Direct | |
| 2017-01-24 | Restricted Stock Units | $0.0 | M | 11467 | Disposed | Common Stock (11467.0) | Direct | |
| 2017-01-24 | Restricted Stock Unit | $0.0 | M | 9525 | Disposed | Common Stock (9525.0) | Direct | |
| 2017-01-24 | Performance Shares | $0.0 | A | 56660 | Acquired | Common Stock (56660.0) | Direct | |
| 2017-01-24 | Restricted Stock Unit | $0.0 | A | 28330 | Acquired | Common Stock (28330.0) | Direct |
Footnotes
F1: Shares surrendered to pay tax liability due at vesting.
F2: This transaction was executed in multiple trades at prices ranging from $113.71 to $113.91. 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.
F3: 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.
F4: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 vesting commencement date.
F5: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.
F6: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
F7: The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2017 vesting commencement date, if the performance goal is achieved.
F8: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.