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ADOBE INC. — Director's Dealing 2017
Jan 26, 2017
29815_dirs_2017-01-26_0a00328a-f9cd-4a01-a189-da526db5232a.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: GARRETT MARK (EVP, CFO & Asst. Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-01-24 | Common Stock | M | 71082 | — | Acquired | 71082 | Direct |
| 2017-01-24 | Common Stock | F | 37090 | $113.72 | Disposed | 33992 | Direct |
| 2017-01-24 | Common Stock | M | 11966 | — | Acquired | 45958 | Direct |
| 2017-01-24 | Common Stock | F | 6243 | $113.72 | Disposed | 39715 | Direct |
| 2017-01-24 | Common Stock | M | 11467 | — | Acquired | 51182 | Direct |
| 2017-01-24 | Common Stock | F | 5983 | $113.72 | Disposed | 45199 | Direct |
| 2017-01-24 | Common Stock | M | 9072 | — | Acquired | 54271 | Direct |
| 2017-01-24 | Common Stock | F | 4733 | $113.72 | Disposed | 49538 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-01-24 | Performance Shares | $0.0 | M | 71082 | Disposed | Common Stock (71082.0) | Direct | |
| 2017-01-24 | Restricted Stock Units | $0.0 | M | 11966 | Disposed | Common Stock (11966.0) | Direct | |
| 2017-01-24 | Restricted Stock Units | $0.0 | M | 11467 | Disposed | Common Stock (11467.0) | Direct | |
| 2017-01-24 | Restricted Stock Units | $0.0 | M | 9072 | Disposed | Common Stock (9072.0) | Direct | |
| 2017-01-24 | Performance Shares | $0.0 | A | 51940 | Acquired | Common Stock (51940.0) | Direct | |
| 2017-01-24 | Restricted Stock Units | $0.0 | A | 25970 | Acquired | Common Stock (25970.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 50000 | Indirect |
Footnotes
F1: Shares surrendered to pay tax liability due at vesting.
F2: Shares held by the Garrett Living Trust, dtd 11/15/91 of which reporting person is a trustee.
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.