Belsky Scott - 24 Jan 2022 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
EVP, CPO, Creative Cloud
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2022
Net transactions value
-$6,771,170
Form type
4
Filing time
26 Jan 2022, 16:11:43 UTC
Previous filing
21 Dec 2021
Next filing
28 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +20,790 +97% $0.000000 42,287 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $5,884,630 -11,324 -27% $519.66 30,963 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +774 +2.5% $0.000000 31,737 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $166,811 -321 -1% $519.66 31,416 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +631 +2% $0.000000 32,047 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $180,842 -348 -1.1% $519.66 31,699 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1,877 +5.9% $0.000000 33,576 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $538,887 -1,037 -3.1% $519.66 32,539 24 Jan 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADBE Performance Shares Options Exercise $0 -20,790 -100% $0.000000* 0 24 Jan 2022 Common Stock 20,790 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -774 -20% $0.000000 3,094 24 Jan 2022 Common Stock 774 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -631 -11% $0.000000 5,045 24 Jan 2022 Common Stock 631 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -1,877 -25% $0.000000 5,629 24 Jan 2022 Common Stock 1,877 $0.000000 Direct F5
transaction ADBE Performance Shares Award $0 +19,388 $0.000000 19,388 24 Jan 2022 Common Stock 19,388 $0.000000 Direct F6, F7
transaction ADBE Restricted Stock Units Award $0 +9,694 $0.000000 9,694 24 Jan 2022 Common Stock 9,694 $0.000000 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.