Shantanu Narayen - 24 Jan 2022 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
Chairman and CEO, Director
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2022
Net transactions value
-$42,638,103
Form type
4
Filing time
26 Jan 2022, 16:12:52 UTC
Previous filing
04 Jan 2022
Next filing
04 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 +103,943 +31% $0.000000 435,846 24 Jan 2022 by trust F1
transaction ADBE Common Stock Tax liability $26,780,158 -51,534 -12% $519.66 384,312 24 Jan 2022 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +51,972 +14% $0.000000 436,284 24 Jan 2022 by trust F1
transaction ADBE Common Stock Tax liability $13,390,079 -25,767 -5.9% $519.66 410,517 24 Jan 2022 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +2,578 +0.63% $0.000000 413,095 24 Jan 2022 by trust F1
transaction ADBE Common Stock Tax liability $668,283 -1,286 -0.31% $519.66 411,809 24 Jan 2022 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +1,757 +0.43% $0.000000 413,566 24 Jan 2022 by trust F1
transaction ADBE Common Stock Tax liability $452,624 -871 -0.21% $519.66 412,695 24 Jan 2022 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +5,228 +1.3% $0.000000 417,923 24 Jan 2022 by trust F1
transaction ADBE Common Stock Tax liability $1,346,959 -2,592 -0.62% $519.66 415,331 24 Jan 2022 by trust F1, F2
holding ADBE Common Stock 75 24 Jan 2022 Direct

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 -103,943 -100% $0.000000* 0 24 Jan 2022 Common Stock 103,943 $0.000000 Direct F3
transaction ADBE Performance Shares Options Exercise $0 -51,972 -100% $0.000000* 0 24 Jan 2022 Common Stock 51,972 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -2,578 -20% $0.000000 10,312 24 Jan 2022 Common Stock 2,578 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -1,757 -11% $0.000000 14,053 24 Jan 2022 Common Stock 1,757 $0.000000 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -5,228 -25% $0.000000 15,682 24 Jan 2022 Common Stock 5,228 $0.000000 Direct F6
transaction ADBE Performance Shares Award $0 +93,644 $0.000000 93,644 24 Jan 2022 Common Stock 93,644 $0.000000 Direct F7, F8
transaction ADBE Restricted Stock Units Award $0 +20,067 $0.000000 20,067 24 Jan 2022 Common Stock 20,067 $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 held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
F2 Shares surrendered to pay tax liability due at vesting.
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.