Form 4 for CRM Salesforce
Accepted 2022-06-24 00:00:00 ET · period of report 2022-06-22 · accession 0001127602-22-018149 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-06-24 | 2022-06-24 | CRM | Benioff Marc | COB, Co-CEO, Dir | S - Sale+OE | $183.56 | -2,300 | 28.76M | -0.0% | -$422.2K |
| D | 2022-06-24 | 2022-06-24 | CRM | Benioff Marc | COB, Co-CEO, Dir | M - OptEx | $80.99 | +2,300 | 28.76M | +0.0% | +$186.3K |
| D | 2022-06-24 | 2022-06-24 | CRM | Benioff Marc | COB, Co-CEO, Dir | M - OptEx | $0.00 | -2,300 | 205.1K | -1% | $0 |
| DM | 2022-06-24 | 2022-06-22 | CRM | Benioff Marc | COB, Co-CEO, Dir | A - Grant | $118.46 | +269.7K | 190.8K | New | +$31.95M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-06-24 | S | D | 104 | $179.88 | 28,763,375 | D | — | — | (F5) Weighted average price. These shares were sold in multiple transactions at prices ranging from $179.4458 to $180.1624 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. (F2) Other than the shares subject to the transactions reported in this Form 4 (which are held in the reporting person's name), shares are held in the Marc R. Benioff Revocable Trust. |
| 2 | Common | Common Stock | 2022-06-24 | S | D | 196 | $181.84 | 28,763,179 | D | — | — | (F6) Weighted average price. These shares were sold in multiple transactions at prices ranging from $181.2671 to $182.2618 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. (F2) Other than the shares subject to the transactions reported in this Form 4 (which are held in the reporting person's name), shares are held in the Marc R. Benioff Revocable Trust. |
| 3 | Common | Common Stock | 2022-06-24 | S | D | 258 | $183.11 | 28,762,921 | D | — | — | (F7) Weighted average price. These shares were sold in multiple transactions at prices ranging from $182.4865 to $183.4690 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. (F2) Other than the shares subject to the transactions reported in this Form 4 (which are held in the reporting person's name), shares are held in the Marc R. Benioff Revocable Trust. |
| 4 | Common | Common Stock | 2022-06-24 | S | D | 540 | $185.03 | 28,761,747 | D | — | — | (F9) Weighted average price. These shares were sold in multiple transactions at prices ranging from $184.5023 to $185.4400 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. (F2) Other than the shares subject to the transactions reported in this Form 4 (which are held in the reporting person's name), shares are held in the Marc R. Benioff Revocable Trust. |
| 5 | Common | Common Stock | 2022-06-24 | S | D | 379 | $186.00 | 28,761,368 | D | — | — | (F10) Weighted average price. These shares were sold in multiple transactions at prices ranging from $185.7700 to $186.3174 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. (F2) Other than the shares subject to the transactions reported in this Form 4 (which are held in the reporting person's name), shares are held in the Marc R. Benioff Revocable Trust. |
| 6 | Common | Common Stock | 2022-06-24 | S | D | 76 | $178.96 | 28,763,479 | D | — | — | (F4) Weighted average price. These shares were sold in multiple transactions at prices ranging from $178.4265 to $179.2000 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. (F2) Other than the shares subject to the transactions reported in this Form 4 (which are held in the reporting person's name), shares are held in the Marc R. Benioff Revocable Trust. |
| 7 | Common | Common Stock | 2022-06-24 | S | D | 113 | $177.21 | 28,763,555 | D | — | — | (F3) Weighted average price. These shares were sold in multiple transactions at prices ranging from $177.0000 to $177.4827 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. (F2) Other than the shares subject to the transactions reported in this Form 4 (which are held in the reporting person's name), shares are held in the Marc R. Benioff Revocable Trust. |
| 8 | Common | Common Stock | 2022-06-24 | M | A | 2,300 | $80.99 | 28,763,668 | D | — | — | (F2) Other than the shares subject to the transactions reported in this Form 4 (which are held in the reporting person's name), shares are held in the Marc R. Benioff Revocable Trust. |
| 9 | Common | Common Stock | 2022-06-24 | S | D | 634 | $183.86 | 28,762,287 | D | — | — | (F8) Weighted average price. These shares were sold in multiple transactions at prices ranging from $183.5000 to $184.4467 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. (F2) Other than the shares subject to the transactions reported in this Form 4 (which are held in the reporting person's name), shares are held in the Marc R. Benioff Revocable Trust. |
| 10 | Derivative | Non-qualified Stock Option (Right to Buy) | 2022-06-24 | M | D | 2,300 | $0.00 | 205,116 | D | $80.99 · 2016-11-22 to 2022-11-22 | 2,300 Common Stock | (F14) Option vests over four years at the rate of 25% on November 22, 2016, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months. |
| 11 | Derivative | Performance-Based Restricted Stock Units | 2022-06-22 | A | A | 78,906 | $0.00 | 78,906 | D | $0.00 · 2025-07-15 to 2025-07-15 | 78,906 Common Stock | (F12) Each performance-based restricted stock unit, or PRSU, represents a contingent right to receive one share of Issuer common stock. (F13) 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. |
| 12 | Derivative | Non-qualified Stock Option (Right to Buy) | 2022-06-22 | A | A | 190,818 | $167.45 | 190,818 | D | $167.45 · 2023-06-22 to 2029-06-22 | 190,818 Common Stock | (F11) Option vests over four years at the rate of 25% on June 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. |