Parker Harris - Mar 22, 2022 Form 4/A - Amendment Insider Report for Salesforce, Inc. (CRM)

Role
Co-Founder and CTO, Director
Signature
/s/ Anisha Sharodi, Attorney-in-Fact for Parker Harris
Stock symbol
CRM
Transactions as of
Mar 22, 2022
Transactions value $
$0
Form type
4/A - Amendment
Date filed
4/22/2022, 05:42 PM
Date Of Original Report
Mar 24, 2022
Previous filing
Jan 25, 2022
Next filing
Apr 12, 2022

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 CRM Performance-Based Restricted Stock Units Award $0 +15.2K $0.00 15.2K Mar 22, 2022 Common Stock 15.2K $0.00 Direct F1, F2
transaction CRM Non-qualified Stock Option (Right to Buy) Award $0 +108K $0.00 108K Mar 22, 2022 Common Stock 108K $218.21 Direct F3, F4
transaction CRM Restricted Stock Units Award $0 +16K $0.00 16K Mar 22, 2022 Common Stock 16K $0.00 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance-based restricted stock unit, or PRSU, represents a contingent right to receive one share of Issuer common stock.
F2 The PRSUs will vest depending on Issuer's total shareholder return ("TSR") over the three-year period from the grant date (the "Performance Period"), relative to companies in the NASDAQ-100 Index as of the grant date (the "Index Group"). If Issuer's TSR over the Performance Period is at the 60th percentile when ranked against the Index Group TSRs, 100% of the target number of shares will vest. For every percentile by which Issuer's TSR ranking within the Index Group exceeds the 60th percentile, shares vesting will increase by 3 and 1/3%, up to a maximum payout of 200% of target if Issuer's TSR ranking is at the 99th percentile. For every percentile by which Issuer's TSR ranking within the Index Group is below the 60th percentile, shares vesting will decrease by 2 and 22/39%, with no payout if Issuer's TSR ranking is below the 30th percentile. If Issuer's absolute TSR over the Performance Period is negative, the number of shares vesting will not exceed 100% of target.
F3 This amendment is being filed solely to correct an error in the number of options previously reported. This amended report does not report any new transactions or otherwise modify the transaction details that were previously reported.
F4 Option vests over four years at the rate of 25% on March 22, 2023, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months.
F5 Restricted Stock Units convert to shares of common stock on a one-for-one basis.
F6 These restricted stock units vested as to 25% of the original grant on March 22, 2023 and vest as to 1/16 of the original grant quarterly thereafter.