Filing Details
- Accession Number:
- 0000796343-21-000023
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-01-26 18:07:34
- Reporting Period:
- 2021-01-24
- Accepted Time:
- 2021-01-26 18:07:34
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 796343 | Adobe Inc. | ADBE | Services-Prepackaged Software (7372) | 770019522 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1417762 | Francis John Murphy | Adobe Inc. 345 Park Avenue San Jose CA 95110 | Evp And Cfo | 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 | 2021-01-24 | 7,670 | $0.00 | 19,553 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-01-24 | 3,676 | $472.44 | 15,877 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2021-01-24 | 1,278 | $0.00 | 17,155 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-01-24 | 453 | $472.44 | 16,702 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2021-01-24 | 773 | $0.00 | 17,475 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-01-24 | 383 | $472.44 | 17,092 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2021-01-24 | 2,523 | $0.00 | 19,615 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-01-24 | 1,250 | $472.44 | 18,365 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2021-01-25 | 2,139 | $474.51 | 16,226 | 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 | 2021-01-24 | 7,670 | $0.00 | 7,670 | $0.00 |
| Common Stock | Restricted Stock Unit | Disposition | 2021-01-24 | 1,278 | $0.00 | 1,278 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2021-01-24 | 773 | $0.00 | 773 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2021-01-24 | 2,523 | $0.00 | 2,523 | $0.00 |
| Common Stock | Performance Shares | Acquisiton | 2021-01-25 | 13,940 | $0.00 | 13,940 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2021-01-25 | 6,970 | $0.00 | 6,970 | $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 | ||
| 6,188 | No | 4 | M | Direct | ||
| 7,567 | No | 4 | M | Direct | ||
| 13,940 | No | 5 | A | Direct | ||
| 6,970 | No | 4 | A | Direct |
Footnotes
- Shares surrendered to pay tax liability due at vesting.
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person April 17, 2020.
- The Performance Shares vested in full upon the certification of performance goal achievement at 200% following the three-year anniversary of the January 24, 2018 vesting commencement date.
- Vests at a rate of 1/3 annually on the first, second, and third anniversaries of the January 24, 2018 vesting commencement date.
- Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
- Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
- 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.
- The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2021 vesting commencement date if the performance goal is achieved.
- Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
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