Filing Details

Accession Number:
0000796343-17-000053
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-01-26 16:14:12
Reporting Period:
2017-01-24
Filing Date:
2017-01-26
Accepted Time:
2017-01-26 16:14:12
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
796343 Adobe Systems Inc ADBE Services-Prepackaged Software (7372) 770019522
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1528579 Bradley Rencher Adobe Systems Incorporated
345 Park Avenue
San Jose CA 95110
Evp & Gm, Digital Marketing No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2017-01-24 54,351 $0.00 101,620 No 4 M Direct
Common Stock Disposition 2017-01-24 25,517 $113.72 76,103 No 4 F Direct
Common Stock Acquisiton 2017-01-24 9,150 $0.00 85,253 No 4 M Direct
Common Stock Disposition 2017-01-24 3,654 $113.72 81,599 No 4 F Direct
Common Stock Acquisiton 2017-01-24 8,600 $0.00 90,199 No 4 M Direct
Common Stock Disposition 2017-01-24 4,037 $113.72 86,162 No 4 F Direct
Common Stock Acquisiton 2017-01-24 8,619 $0.00 94,781 No 4 M Direct
Common Stock Disposition 2017-01-24 4,046 $113.72 90,735 No 4 F Direct
Common Stock Disposition 2017-01-25 40,000 $113.96 50,735 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 M Direct
No 4 F Direct
No 4 M Direct
No 4 F Direct
No 4 M Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Performance Shares Disposition 2017-01-24 54,351 $0.00 54,351 $0.00
Common Stock Restricted Stock Units Disposition 2017-01-24 9,150 $0.00 9,150 $0.00
Common Stock Restricted Stock Unit Disposition 2017-01-24 8,600 $0.00 8,600 $0.00
Common Stock Restricted Stock Units Disposition 2017-01-24 8,619 $0.00 8,619 $0.00
Common Stock Performance Shares Acquisiton 2017-01-24 51,940 $0.00 51,940 $0.00
Common Stock Restricted Stock Units Acquisiton 2017-01-24 25,970 $0.00 25,970 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
0 No 4 M Direct
8,600 No 4 M Direct
17,236 No 4 M Direct
51,940 No 5 A Direct
25,970 No 4 A Direct
Footnotes
  1. Shares surrendered to pay tax liability due at vesting.
  2. This transaction was executed in multiple trades at prices ranging from $113.94 to $114.055. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
  3. The Performance Shares vested in full upon the certification of performance goal achievement at 198% following the three-year anniversary of the January 24, 2014 grant date.
  4. Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 vesting commencement date.
  5. Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.
  6. Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
  7. The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2017 vesting commencement date, if the performance goal is achieved.
  8. Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.