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

Role
EVP, Gen. Counsel & Secretary
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2022
Transactions value $
-$4,054,907
Form type
4
Date filed
1/26/2022, 04:13 PM
Previous filing
Oct 26, 2021
Next filing
Feb 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +13.9K +95.07% $0.00 28.4K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$3.46M -6.66K -23.42% $519.66 21.8K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +515 +2.36% $0.00 22.3K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$98.2K -189 -0.85% $519.66 22.1K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +450 +2.04% $0.00 22.6K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$116K -223 -0.99% $519.66 22.3K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1.48K +6.61% $0.00 23.8K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$380K -731 -3.07% $519.66 23.1K Jan 24, 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 -13.9K -100% $0.00* 0 Jan 24, 2022 Common Stock 13.9K $0.00 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -515 -19.98% $0.00 2.06K Jan 24, 2022 Common Stock 515 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -450 -11.1% $0.00 3.6K Jan 24, 2022 Common Stock 450 $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -1.48K -25.01% $0.00 4.42K Jan 24, 2022 Common Stock 1.48K $0.00 Direct F5
transaction ADBE Performance Shares Award $0 +13.6K $0.00 13.6K Jan 24, 2022 Common Stock 13.6K $0.00 Direct F6, F7
transaction ADBE Restricted Stock Units Award $0 +6.79K $0.00 6.79K Jan 24, 2022 Common Stock 6.79K $0.00 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.