ADOBE INC. — Insider Transactions
Form 4 filings by directors, officers, and 10%+ shareholders
SEC rules require corporate insiders — including directors, executive officers, and any shareholder owning more than 10% of a company's shares — to report changes in their ownership within two business days of a transaction. These disclosures are filed as Form 4. Open-market purchases (code P) are generally considered the most meaningful signal, as insiders are spending their own money.
| Insider | Title | Type | Shares | Price | Value | Owns After | Date |
|---|---|---|---|---|---|---|---|
| TOWNSLEY THERESA | SVP, Human Resources | Option Exercise | 200,000 | $32.16 | $6,432,000 | 277,762 | Jan 6, 2006 |
| COTTLE KAREN O | SVP, Gen. Counsel & Secretary | Option Exercise | 25,000 | $13.24 | $331,000 | 62,076 | Jan 6, 2006 |
| DEMO MURRAY J | EVP, CFO & Asst. Secretary | Option Exercise | 100,000 | $27.83 | $2,783,000 | 151,198 | Jan 6, 2006 |
| BURGESS ROBERT K | — | Option Exercise | 50,000 | $5.64 | $282,000 | 224,729 | Jan 5, 2006 |
| NARAYEN SHANTANU | President and COO | Option Exercise | 325,000 | $27.83 | $9,044,750 | 452,729 | Jan 5, 2006 |
| CHIZEN BRUCE R | CEO | Sale | 500,000 | $38.18 | $19,090,000 | 198,526 | Jan 4, 2006 |
| BALDWIN CAROL MILLS | — | Option Exercise | 80,000 | $30.86 | $2,468,800 | 84,000 | Jan 4, 2006 |
| DEMO MURRAY J | EVP, CFO & Asst. Secretary | Sale | 150,000 | $38.02 | $5,703,000 | 51,198 | Jan 3, 2006 |
| NARAYEN SHANTANU | President and COO | Sale | 1,985 | $36.99 | $73,425 | 102,729 | Dec 30, 2005 |
| WARNOCK JOHN E | — | Sale | 40,000 | $38.22 | $1,528,800 | 1,782,676 | Aug 24, 2005 |