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ADOBE INC. — Director's Dealing 2022
Jan 26, 2022
29815_dirs_2022-01-26_a186dcb1-e567-4f88-886f-603437f01160.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: Chen Gloria (EVP, Chief People Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-01-24 | Common Stock | M | 6930 | — | Acquired | 19108.5102 | Direct |
| 2022-01-24 | Common Stock | F | 3435 | $519.66 | Disposed | 15673.5102 | Direct |
| 2022-01-24 | Common Stock | M | 258 | — | Acquired | 15931.5102 | Direct |
| 2022-01-24 | Common Stock | F | 140 | $519.66 | Disposed | 15791.5102 | Direct |
| 2022-01-24 | Common Stock | M | 316 | — | Acquired | 16107.5102 | Direct |
| 2022-01-24 | Common Stock | F | 156 | $519.66 | Disposed | 15951.5102 | Direct |
| 2022-01-24 | Common Stock | M | 1609 | — | Acquired | 17560.5102 | Direct |
| 2022-01-24 | Common Stock | F | 797 | $519.66 | Disposed | 16763.5102 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-01-24 | Performance Shares | $0.0 | M | 6930 | Disposed | Common Stock (6930.0) | Direct | |
| 2022-01-24 | Restricted Stock Units | $0.0 | M | 258 | Disposed | Common Stock (258.0) | Direct | |
| 2022-01-24 | Restricted Stock Units | $0.0 | M | 316 | Disposed | Common Stock (316.0) | Direct | |
| 2022-01-24 | Restricted Stock Units | $0.0 | M | 1609 | Disposed | Common Stock (1609.0) | Direct | |
| 2022-01-24 | Performance Shares | $0.0 | A | 13572 | Acquired | Common Stock (13572.0) | Direct | |
| 2022-01-24 | Restricted Stock Units | $0.0 | A | 6786 | Acquired | Common Stock (6786.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 667 | Indirect |
Footnotes
F1: Shares surrendered to pay tax liability due at vesting.
F2: Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee.
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.