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ADOBE INC. — Director's Dealing 2022
Jan 26, 2022
29815_dirs_2022-01-26_a40f64c5-e2a8-4760-8806-0d63275836f6.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: Belsky Scott (EVP, CPO, Creative Cloud)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-01-24 | Common Stock | M | 20790 | — | Acquired | 42286.754 | Direct |
| 2022-01-24 | Common Stock | F | 11324 | $519.66 | Disposed | 30962.754 | Direct |
| 2022-01-24 | Common Stock | M | 774 | — | Acquired | 31736.754 | Direct |
| 2022-01-24 | Common Stock | F | 321 | $519.66 | Disposed | 31415.754 | Direct |
| 2022-01-24 | Common Stock | M | 631 | — | Acquired | 32046.754 | Direct |
| 2022-01-24 | Common Stock | F | 348 | $519.66 | Disposed | 31698.754 | Direct |
| 2022-01-24 | Common Stock | M | 1877 | — | Acquired | 33575.754 | Direct |
| 2022-01-24 | Common Stock | F | 1037 | $519.66 | Disposed | 32538.754 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-01-24 | Performance Shares | $0.0 | M | 20790 | Disposed | Common Stock (20790.0) | Direct | |
| 2022-01-24 | Restricted Stock Units | $0.0 | M | 774 | Disposed | Common Stock (774.0) | Direct | |
| 2022-01-24 | Restricted Stock Units | $0.0 | M | 631 | Disposed | Common Stock (631.0) | Direct | |
| 2022-01-24 | Restricted Stock Units | $0.0 | M | 1877 | Disposed | Common Stock (1877.0) | Direct | |
| 2022-01-24 | Performance Shares | $0.0 | A | 19388 | Acquired | Common Stock (19388.0) | Direct | |
| 2022-01-24 | Restricted Stock Units | $0.0 | A | 9694 | Acquired | Common Stock (9694.0) | 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 168% following the three-year anniversary of the January 24, 2019 vesting commencement date.
F3: Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
F4: Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F5: Vests 25% on the first anniversary of the January 24, 2021 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 achievements following the three-year anniversary of the January 24, 2022 vesting commencement date if the performance goals are achieved.
F8: Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.