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ADOBE INC. — Director's Dealing 2018
Jan 26, 2018
29815_dirs_2018-01-26_9ff9c048-0c34-4771-a7ee-efc9dc05c0e2.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: 2018-01-24
Reporting Person: Lewnes Ann (EVP, Chief Marketing Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-01-24 | Common Stock | M | 37900 | — | Acquired | 87637 | Direct |
| 2018-01-24 | Common Stock | F | 18057 | $197.78 | Disposed | 69580 | Direct |
| 2018-01-24 | Common Stock | M | 6316 | — | Acquired | 75896 | Direct |
| 2018-01-24 | Common Stock | F | 3131 | $197.78 | Disposed | 72765 | Direct |
| 2018-01-24 | Common Stock | M | 6350 | — | Acquired | 79115 | Direct |
| 2018-01-24 | Common Stock | F | 3148 | $197.78 | Disposed | 75967 | Direct |
| 2018-01-24 | Common Stock | M | 6295 | — | Acquired | 82262 | Direct |
| 2018-01-24 | Common Stock | F | 3121 | $197.78 | Disposed | 79141 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-01-24 | Performance Shares | $0.0 | M | 37900 | Disposed | Common Stock (37900.0) | Direct | |
| 2018-01-24 | Restricted Stock Units | $0.0 | M | 6316 | Disposed | Common Stock (6316.0) | Direct | |
| 2018-01-24 | Restricted Stock Units | $0.0 | M | 6350 | Disposed | Common Stock (6350.0) | Direct | |
| 2018-01-24 | Restricted Stock Units | $0.0 | M | 6295 | Disposed | Common Stock (6295.0) | Direct | |
| 2018-01-24 | Performance Shares | $0.0 | A | 24290 | Acquired | Common Stock (24290.0) | Direct | |
| 2018-01-24 | Restricted Stock Units | $0.0 | A | 12145 | Acquired | Common Stock (12145.0) | 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 200% following the three-year anniversary of the January 24, 2015 grant date.
F3: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.
F4: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
F5: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.
F6: Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.
F7: The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2018 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, 2018 vesting commencement date.