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ADOBE INC. — Director's Dealing 2017
Jan 26, 2017
29815_dirs_2017-01-26_35032e0f-75fd-4389-8ed9-7a8f63acf9a3.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: Rencher Bradley (EVP & GM, Digital Marketing)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-01-24 | Common Stock | M | 54351 | — | Acquired | 101620 | Direct |
| 2017-01-24 | Common Stock | F | 25517 | $113.72 | Disposed | 76103 | Direct |
| 2017-01-24 | Common Stock | M | 9150 | — | Acquired | 85253 | Direct |
| 2017-01-24 | Common Stock | F | 3654 | $113.72 | Disposed | 81599 | Direct |
| 2017-01-24 | Common Stock | M | 8600 | — | Acquired | 90199 | Direct |
| 2017-01-24 | Common Stock | F | 4037 | $113.72 | Disposed | 86162 | Direct |
| 2017-01-24 | Common Stock | M | 8619 | — | Acquired | 94781 | Direct |
| 2017-01-24 | Common Stock | F | 4046 | $113.72 | Disposed | 90735 | Direct |
| 2017-01-25 | Common Stock | S | 40000 | $113.9569 | Disposed | 50735 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-01-24 | Performance Shares | $0.0 | M | 54351 | Disposed | Common Stock (54351.0) | Direct | |
| 2017-01-24 | Restricted Stock Units | $0.0 | M | 9150 | Disposed | Common Stock (9150.0) | Direct | |
| 2017-01-24 | Restricted Stock Unit | $0.0 | M | 8600 | Disposed | Common Stock (8600.0) | Direct | |
| 2017-01-24 | Restricted Stock Units | $0.0 | M | 8619 | Disposed | Common Stock (8619.0) | 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 |
Footnotes
F1: Shares surrendered to pay tax liability due at vesting.
F2: This transaction was executed in multiple trades at prices ranging from $113.94 to $114.055. 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.