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ADOBE INC. — Director's Dealing 2020
Jan 28, 2020
29815_dirs_2020-01-28_1cbc86fc-b316-4707-acf1-79686ae04c63.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2020-01-27
Reporting Person: Garfield Mark S. (VP, CAO & Corp. Controller)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-01-27 | Performance Shares | $0.0 | A | 1154 | Acquired | Common Stock (1154.0) | Direct | |
| 2020-01-27 | Restricted Stock Units | $0.0 | A | 577 | Acquired | Common Stock (577.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 111 | Direct |
Footnotes
F1: Includes 37 shares acquired on December 31, 2019 pursuant to Adobe's 1997 Employee Stock Purchase Plan, as amended.
F2: 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.
F3: The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2020 vesting commencement date if the performance goal is achieved.
F4: Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.