| 1. Name
and Address of Reporting Person * Lewnes
Ann |
2. Issuer Name and Ticker or Trading
Symbol ADOBE INC. [ ADBE ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
EVP, CMO, Corp Strategy & Dev |
|
(Last)
(First)
(Middle)
ADOBE INC., 345 PARK AVENUE |
3. Date of Earliest Transaction (MM/DD/YYYY)
1/24/2022
|
|
(Street)
SAN JOSE, CA 95110
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
| Explanation of
Responses: |
| (1) |
Shares surrendered to pay
tax liability due at vesting. |
| (2) |
The sales reported in this
Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted
by the reporting person April 30, 2021. |
| (3) |
This transaction was
executed in multiple trades at prices ranging from $503.39 to
$504.35. 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. |
| (4) |
This transaction was
executed in multiple trades at prices ranging from $504.44 to
$505.43. 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. |
| (5) |
This transaction was
executed in multiple trades at prices ranging from $505.47 to
$506.4. 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. |
| (6) |
This transaction was
executed in multiple trades at prices ranging from $506.53 to
$507.5. 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. |
| (7) |
This transaction was
executed in multiple trades at prices ranging from $507.72 to
$508.7. 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. |
| (8) |
This transaction was
executed in multiple trades at prices ranging from $508.755 to
$509.61. 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. |
| (9) |
This transaction was
executed in multiple trades at prices ranging from $509.85 to
$510.72. 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. |
| (10) |
This transaction was
executed in multiple trades at prices ranging from $510.96 to
$511.5. 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. |
| (11) |
This transaction was
executed in multiple trades at prices ranging from $513.09 to
$513.36. 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. |
| (12) |
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. |
| (13) |
Vests 25% on the first
anniversary of the January 24, 2019 vesting commencement date and
then 6.25% quarterly thereafter. |
| (14) |
Vests 25% on the first
anniversary of the January 24, 2020 vesting commencement date and
then 6.25% quarterly thereafter. |
| (15) |
Vests 25% on the first
anniversary of the January 24, 2021 vesting commencement date and
then 6.25% quarterly thereafter. |
| (16) |
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. |
| (17) |
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. |
| (18) |
Vests 25% on the first
anniversary of the January 24, 2022 vesting commencement date and
then 6.25% quarterly thereafter. |
