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ADOBE INC. — Director's Dealing 2018
Jan 26, 2018
29815_dirs_2018-01-26_52513b13-7064-4c5e-ab4e-6e0de60860c7.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: LAMKIN BRYAN (EVP & GM, Digital Media)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-01-24 | Common Stock | M | 48200 | — | Acquired | 100554 | Direct |
| 2018-01-24 | Common Stock | F | 23162 | $197.78 | Disposed | 77392 | Direct |
| 2018-01-24 | Common Stock | M | 8033 | — | Acquired | 85425 | Direct |
| 2018-01-24 | Common Stock | F | 3982 | $197.78 | Disposed | 81443 | Direct |
| 2018-01-24 | Common Stock | M | 8618 | — | Acquired | 90061 | Direct |
| 2018-01-24 | Common Stock | F | 4272 | $197.78 | Disposed | 85789 | Direct |
| 2018-01-24 | Common Stock | M | 8657 | — | Acquired | 94446 | Direct |
| 2018-01-24 | Common Stock | F | 4292 | $197.78 | Disposed | 90154 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-01-24 | Performance Shares | $0.0 | M | 48200 | Disposed | Common Stock (48200.0) | Direct | |
| 2018-01-24 | Restricted Stock Units | $0.0 | M | 8033 | Disposed | Common Stock (8033.0) | Direct | |
| 2018-01-24 | Restricted Stock Units | $0.0 | M | 8618 | Disposed | Common Stock (8618.0) | Direct | |
| 2018-01-24 | Restricted Stock Units | $0.0 | M | 8657 | Disposed | Common Stock (8657.0) | Direct | |
| 2018-01-24 | Performance Shares | $0.0 | A | 33230 | Acquired | Common Stock (33230.0) | Direct | |
| 2018-01-24 | Restricted Stock Units | $0.0 | A | 16615 | Acquired | Common Stock (16615.0) | 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.