Dana Rao - 24 Jan 2022 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
EVP, Gen. Counsel & Secretary
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2022
Net transactions value
-$4,054,907
Form type
4
Filing time
26 Jan 2022, 16:13:30 UTC
Previous filing
26 Oct 2021
Next filing
01 Feb 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 +13,860 +95% $0.000000 28,439 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $3,460,936 -6,660 -23% $519.66 21,779 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +515 +2.4% $0.000000 22,294 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $98,216 -189 -0.85% $519.66 22,105 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +450 +2% $0.000000 22,555 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $115,884 -223 -0.99% $519.66 22,332 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1,475 +6.6% $0.000000 23,807 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $379,871 -731 -3.1% $519.66 23,076 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 -13,860 -100% $0.000000* 0 24 Jan 2022 Common Stock 13,860 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -515 -20% $0.000000 2,063 24 Jan 2022 Common Stock 515 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -450 -11% $0.000000 3,604 24 Jan 2022 Common Stock 450 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -1,475 -25% $0.000000 4,423 24 Jan 2022 Common Stock 1,475 $0.000000 Direct F5
transaction ADBE Performance Shares Award $0 +13,572 $0.000000 13,572 24 Jan 2022 Common Stock 13,572 $0.000000 Direct F6, F7
transaction ADBE Restricted Stock Units Award $0 +6,786 $0.000000 6,786 24 Jan 2022 Common Stock 6,786 $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.