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

Role
EVP, Chief People Officer
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2022
Net transactions value
-$2,353,020
Form type
4
Filing time
26 Jan 2022, 16:11:58 UTC
Previous filing
23 Dec 2021
Next filing
02 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 +6,930 +57% $0.000000 19,109 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $1,785,032 -3,435 -18% $519.66 15,674 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +258 +1.6% $0.000000 15,932 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $72,752 -140 -0.88% $519.66 15,792 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +316 +2% $0.000000 16,108 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $81,067 -156 -0.97% $519.66 15,952 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1,609 +10% $0.000000 17,561 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $414,169 -797 -4.5% $519.66 16,764 24 Jan 2022 Direct F1
holding ADBE Common Stock 667 24 Jan 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 -6,930 -100% $0.000000* 0 24 Jan 2022 Common Stock 6,930 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -258 -20% $0.000000 1,031 24 Jan 2022 Common Stock 258 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -316 -11% $0.000000 2,522 24 Jan 2022 Common Stock 316 $0.000000 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -1,609 -25% $0.000000 4,825 24 Jan 2022 Common Stock 1,609 $0.000000 Direct F6
transaction ADBE Performance Shares Award $0 +13,572 $0.000000 13,572 24 Jan 2022 Common Stock 13,572 $0.000000 Direct F7, F8
transaction ADBE Restricted Stock Units Award $0 +6,786 $0.000000 6,786 24 Jan 2022 Common Stock 6,786 $0.000000 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.