3: Initial statement of beneficial ownership of securities
Published on August 9, 2019
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIESFiled pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 08/01/2019 |
3. Issuer Name and Ticker or Trading Symbol
INTUIT INC [ INTU ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
|---|---|---|---|
| Common Stock | 606 | D |
| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
|---|---|---|---|---|---|---|---|
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Non-Qualified Stock Option (right to buy) | (1) | 06/08/2024 | Common Stock | 8,722 | 140.21 | D | |
| Non-Qualified Stock Option (right to buy) | (2) | 07/25/2025 | Common Stock | 7,385 | 216.64 | D | |
| Non-Qualified Stock Option (right to buy) | (3) | 07/24/2026 | Common Stock | 34,329 | 281.6 | D | |
| Restricted Stock Unit | 06/09/2020(4) | (5) | Common Stock | 7,726 | (6) | D | |
| Restricted Stock Unit | (7) | (5) | Common Stock | 1,298 | (6) | D | |
| Restricted Stock Unit | (8) | (5) | Common Stock | 6,428 | (6) | D | |
| Restricted Stock Unit | (9) | (5) | Common Stock | 7,991 | (6) | D | |
| Restricted Stock Unit (MSPP Purchased Award) | 08/10/2018(4) | (5) | Common Stock | 271 | (6) | D | |
| Restricted Stock Unit (MSPP Matching Award) | 08/10/2021(4) | (5) | Common Stock | 271 | (6) | D | |
| Restricted Stock Unit (performance-based vesting) | (10) | (5) | Common Stock | 3,745 | (6) | D | |
| Restricted Stock Unit (performance-based vesting) | (11) | (5) | Common Stock | 3,445 | (6) | D | |
| Restricted Stock Unit (performance-based vesting) | (12) | (5) | Common Stock | 16,130 | (6) | D | |
| Explanation of Responses: |
| 1. One third of the 20,930 options granted on 6/9/2017 vested on 6/9/2018 and thereafter 2.778% of the options vest monthly such that the award is fully vested on the third anniversary of the grant date. |
| 2. 25% of the 7,385 options granted on 7/26/2018 vested on 7/26/2019 and thereafter 2 1/12% of the options vest on each monthly anniversary of the first vesting date until the award is fully vested. |
| 3. 25% of the 34,329 options granted on 7/25/2019 will vest on 7/25/2020 and thereafter 2 1/12% of the options vest on each monthly anniversary of the first vesting date until the award is fully vested. |
| 4. Represents vesting date for restricted stock units. |
| 5. Restricted stock units do not expire; they either vest or are canceled prior to vesting date. |
| 6. 1-for-1 |
| 7. 25% of the 1,730 awarded restricted stock units vested on 7/1/2019 and thereafter for the next 3 years 6.25% vest on the following October 1, December 31, April 1, and July 1. |
| 8. 25% of the 6,428 awarded restricted stock units will vest on 2/1/2020 and thereafter for the next 3 years 6.25% vest on the following May 1, August 1, November 1, and February 1. |
| 9. Provided that a predetermined one year operating goal threshold is achieved, 25% of the 7,991 awarded restricted stock units will vest on 7/1/2020 and thereafter for the next 3 years 6.25% vest on the following October 1, December 31, April 1, and July 1. |
| 10. The target number of units subject to the award is presented in the table; the number that vest may be 0%-200% of this number ("awarded units"), depending upon performance. Following the achievement by the issuer of certain total shareholder return objectives, the awarded units will vest on 9/1/2020. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock. |
| 11. The target number of units subject to the award is presented in the table; the number that vest may be 0%-200% of this number ("awarded units"), depending upon performance. Following the achievement by the issuer of certain total shareholder return objectives, the awarded units will vest on 9/1/2021. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock. |
| 12. The target number of units subject to the award is presented in the table; the number that vest may be 0%-200% of this number ("awarded units"), depending upon performance. Following the achievement by the issuer of certain total shareholder return objectives, the awarded units will vest on 9/1/2022. Vested restricted stock units will be paid in an equal number of shares of Intuit Inc. common stock. |
| Remarks: |
| /s/ Tyler Cozzens, by power-of-attorney | 08/09/2019 | |
| ** Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.