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ADOBE INC. — Director's Dealing 2022
Jan 26, 2022
29815_dirs_2022-01-26_cfd0ac90-9444-4f53-901c-f2b8a000eff2.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: 2022-01-24
Reporting Person: NARAYEN SHANTANU (Director, Chairman and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-01-24 | Common Stock | M | 103943 | — | Acquired | 435846 | Indirect |
| 2022-01-24 | Common Stock | F | 51534 | $519.66 | Disposed | 384312 | Indirect |
| 2022-01-24 | Common Stock | M | 51972 | — | Acquired | 436284 | Indirect |
| 2022-01-24 | Common Stock | F | 25767 | $519.66 | Disposed | 410517 | Indirect |
| 2022-01-24 | Common Stock | M | 2578 | — | Acquired | 413095 | Indirect |
| 2022-01-24 | Common Stock | F | 1286 | $519.66 | Disposed | 411809 | Indirect |
| 2022-01-24 | Common Stock | M | 1757 | — | Acquired | 413566 | Indirect |
| 2022-01-24 | Common Stock | F | 871 | $519.66 | Disposed | 412695 | Indirect |
| 2022-01-24 | Common Stock | M | 5228 | — | Acquired | 417923 | Indirect |
| 2022-01-24 | Common Stock | F | 2592 | $519.66 | Disposed | 415331 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-01-24 | Performance Shares | $0.0 | M | 103943 | Disposed | Common Stock (103943.0) | Direct | |
| 2022-01-24 | Performance Shares | $0.0 | M | 51972 | Disposed | Common Stock (51972.0) | Direct | |
| 2022-01-24 | Restricted Stock Units | $0.0 | M | 2578 | Disposed | Common Stock (2578.0) | Direct | |
| 2022-01-24 | Restricted Stock Units | $0.0 | M | 1757 | Disposed | Common Stock (1757.0) | Direct | |
| 2022-01-24 | Restricted Stock Units | $0.0 | M | 5228 | Disposed | Common Stock (5228.0) | Direct | |
| 2022-01-24 | Performance Shares | $0.0 | A | 93644 | Acquired | Common Stock (93644.0) | Direct | |
| 2022-01-24 | Restricted Stock Units | $0.0 | A | 20067 | Acquired | Common Stock (20067.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 74.754 | Direct |
Footnotes
F1: Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
F2: Shares surrendered to pay tax liability due at vesting.
F3: The Performance Shares vested in full upon the certification of performance goal achievement at 168% following the three-year anniversary of the January 24, 2019 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: Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F7: 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.
F8: The Performance Shares will vest in full upon the certification of performance goal achievements following the three-year anniversary of the January 24, 2022 vesting commencement date if the performance goals are achieved.
F9: Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.