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ADOBE INC. — Director's Dealing 2023
Jan 26, 2023
29815_dirs_2023-01-26_741cd9ae-0a9a-48e3-9758-73821b403ef1.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: 2023-01-24
Reporting Person: NARAYEN SHANTANU (Director, Chairman and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-01-24 | Common Stock | M | 41314 | — | Acquired | 450180 | Indirect |
| 2023-01-24 | Common Stock | F | 20483 | $361.32 | Disposed | 429697 | Indirect |
| 2023-01-24 | Common Stock | M | 2578 | — | Acquired | 432275 | Indirect |
| 2023-01-24 | Common Stock | F | 1285 | $361.32 | Disposed | 430990 | Indirect |
| 2023-01-24 | Common Stock | M | 1756 | — | Acquired | 432746 | Indirect |
| 2023-01-24 | Common Stock | F | 870 | $361.32 | Disposed | 431876 | Indirect |
| 2023-01-24 | Common Stock | M | 1307 | — | Acquired | 433183 | Indirect |
| 2023-01-24 | Common Stock | F | 648 | $361.32 | Disposed | 432535 | Indirect |
| 2023-01-24 | Common Stock | M | 5017 | — | Acquired | 437552 | Indirect |
| 2023-01-24 | Common Stock | F | 2487 | $361.32 | Disposed | 435065 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-01-24 | Performance Shares | $0.0 | M | 41314 | Disposed | Common Stock (41314.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 2578 | Disposed | Common Stock (2578.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 1756 | Disposed | Common Stock (1756.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 1307 | Disposed | Common Stock (1307.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 5017 | Disposed | Common Stock (5017.0) | Direct | |
| 2023-01-24 | Performance Shares | $0.0 | A | 164248 | Acquired | Common Stock (164248.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | A | 35196 | Acquired | Common Stock (35196.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 119.0511 | 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 63% following the three-year anniversary of the January 24, 2020 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: Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F8: 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.
F9: The Performance Shares will vest in full upon the certification of performance goal achievements following the three-year anniversary of the January 24, 2023 vesting commencement date if the performance goals are achieved.
F10: Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.