Gloria Chen - Jan 24, 2022 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
EVP, Chief People Officer
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2022
Transactions value $
-$2,353,020
Form type
4
Date filed
1/26/2022, 04:11 PM
Previous filing
Dec 23, 2021
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +6.93K +56.9% $0.00 19.1K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$1.79M -3.44K -17.98% $519.66 15.7K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +258 +1.65% $0.00 15.9K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$72.8K -140 -0.88% $519.66 15.8K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +316 +2% $0.00 16.1K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$81.1K -156 -0.97% $519.66 16K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1.61K +10.09% $0.00 17.6K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$414K -797 -4.54% $519.66 16.8K Jan 24, 2022 Direct F1
holding ADBE Common Stock 667 Jan 24, 2022 Trust F2

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 -6.93K -100% $0.00* 0 Jan 24, 2022 Common Stock 6.93K $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -258 -20.02% $0.00 1.03K Jan 24, 2022 Common Stock 258 $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -316 -11.13% $0.00 2.52K Jan 24, 2022 Common Stock 316 $0.00 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -1.61K -25.01% $0.00 4.83K Jan 24, 2022 Common Stock 1.61K $0.00 Direct F6
transaction ADBE Performance Shares Award $0 +13.6K $0.00 13.6K Jan 24, 2022 Common Stock 13.6K $0.00 Direct F7, F8
transaction ADBE Restricted Stock Units Award $0 +6.79K $0.00 6.79K Jan 24, 2022 Common Stock 6.79K $0.00 Direct F9
* 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 Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee.
F3 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.
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 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.
F8 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.
F9 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.