0000796343-20-000034.txt : 20200128 0000796343-20-000034.hdr.sgml : 20200128 20200128193126 ACCESSION NUMBER: 0000796343-20-000034 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200124 FILED AS OF DATE: 20200128 DATE AS OF CHANGE: 20200128 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Parasnis Abhay CENTRAL INDEX KEY: 0001647550 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15175 FILM NUMBER: 20555986 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: SAN JOSE STATE: CA ZIP: 95110 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ADOBE INC. CENTRAL INDEX KEY: 0000796343 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 770019522 STATE OF INCORPORATION: DE FISCAL YEAR END: 1129 BUSINESS ADDRESS: STREET 1: 345 PARK AVE CITY: SAN JOSE STATE: CA ZIP: 95110-2704 BUSINESS PHONE: 4085366000 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: SAN JOSE STATE: CA ZIP: 95110-2704 FORMER COMPANY: FORMER CONFORMED NAME: ADOBE SYSTEMS INC DATE OF NAME CHANGE: 19940208 4 1 wf-form4_158025786606330.xml FORM 4 X0306 4 2020-01-24 0 0000796343 ADOBE INC. ADBE 0001647550 Parasnis Abhay ADOBE INC. 345 PARK AVENUE SAN JOSE CA 95110 0 1 0 0 EVP & CTO Common Stock 2020-01-24 4 M 0 47210 0 A 89690 D Common Stock 2020-01-24 4 F 0 23406 351.37 D 66284 D Common Stock 2020-01-24 4 M 0 7868 0 A 74152 D Common Stock 2020-01-24 4 F 0 3488 351.37 D 70664 D Common Stock 2020-01-24 4 M 0 5113 0 A 75777 D Common Stock 2020-01-24 4 F 0 2535 351.37 D 73242 D Common Stock 2020-01-24 4 M 0 3094 0 A 76336 D Common Stock 2020-01-24 4 F 0 1534 351.37 D 74802 D Common Stock 2020-01-28 4 S 0 40000 350 D 34802 D Performance Shares 0.0 2020-01-24 4 M 0 47210 0 D Common Stock 47210.0 0 D Restricted Stock Units 0.0 2020-01-24 4 M 0 7868 0 D Common Stock 7868.0 0 D Restricted Stock Units 0.0 2020-01-24 4 M 0 5113 0 D Common Stock 5113.0 5113 D Restricted Stock Units 0.0 2020-01-24 4 M 0 3094 0 D Common Stock 3094.0 9281 D Performance Shares 0.0 2020-01-27 5 A 0 E 20180 0 A Common Stock 20180.0 20180 D Restricted Stock Units 0.0 2020-01-27 4 A 0 10090 0 A Common Stock 10090.0 10090 D Shares surrendered to pay tax liability due at vesting. This transaction was executed in multiple trades at prices ranging from $350.00 to $350.01. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range. The Performance Shares vested in full upon the certification of performance goal achievement at 200% following the three-year anniversary of the January 24, 2017 vesting commencement date. Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date. Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2018 vesting commencement date. Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter. 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. The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2020 vesting commencement date if the performance goal is achieved. Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter. /s/ Allison Blais, as attorney-in-fact 2020-01-28