Anil Chakravarthy - 24 Jan 2022 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
President, DX
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2022
Net transactions value
-$621,513
Form type
4
Filing time
26 Jan 2022, 16:11:45 UTC
Previous filing
10 Jan 2022
Next filing
26 Apr 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 +2,413 +22% $0.000000 13,610 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $621,513 -1,196 -8.8% $519.66 12,414 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 Restricted Stock Units Options Exercise $0 -2,413 -25% $0.000000 7,238 24 Jan 2022 Common Stock 2,413 $0.000000 Direct F2
transaction ADBE Performance Shares Award $0 +19,388 $0.000000 19,388 24 Jan 2022 Common Stock 19,388 $0.000000 Direct F3, F4
transaction ADBE Restricted Stock Units Award $0 +9,694 $0.000000 9,694 24 Jan 2022 Common Stock 9,694 $0.000000 Direct F5
* 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 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F3 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.
F4 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.
F5 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.