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ADOBE INC. — Director's Dealing 2021
Jan 26, 2021
29815_dirs_2021-01-26_3bdce0b3-2bcd-4390-aa2d-527085b2ee0f.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: 2021-01-24
Reporting Person: Lewnes Ann (EVP, CMO, Corp Strategy & Dev)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-01-24 | Common Stock | M | 24290 | — | Acquired | 52856 | Direct |
| 2021-01-24 | Common Stock | F | 12042 | $472.44 | Disposed | 40814 | Direct |
| 2021-01-24 | Common Stock | M | 4048 | — | Acquired | 44862 | Direct |
| 2021-01-24 | Common Stock | F | 2019 | $472.44 | Disposed | 42843 | Direct |
| 2021-01-24 | Common Stock | M | 613 | — | Acquired | 43456 | Direct |
| 2021-01-24 | Common Stock | F | 303 | $472.44 | Disposed | 43153 | Direct |
| 2021-01-24 | Common Stock | M | 2162 | — | Acquired | 45315 | Direct |
| 2021-01-24 | Common Stock | F | 1071 | $472.44 | Disposed | 44244 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-01-24 | Performance Shares | $0.0 | M | 24290 | Disposed | Common Stock (24290.0) | Direct | |
| 2021-01-24 | Restricted Stock Units | $0.0 | M | 4048 | Disposed | Common Stock (4048.0) | Direct | |
| 2021-01-24 | Restricted Stock Units | $0.0 | M | 613 | Disposed | Common Stock (613.0) | Direct | |
| 2021-01-24 | Restricted Stock Units | $0.0 | M | 2162 | Disposed | Common Stock (2162.0) | Direct | |
| 2021-01-25 | Performance Shares | $0.0 | A | 13404 | Acquired | Common Stock (13404.0) | Direct | |
| 2021-01-25 | Restricted Stock Units | $0.0 | A | 6702 | Acquired | Common Stock (6702.0) | 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, 2018 vesting commencement date.
F3: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2018 vesting commencement date.
F4: Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
F5: Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
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, 2021 vesting commencement date if the performance goal is achieved.
F8: Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.