Form: S-8

Initial registration statement for securities to be offered to employees pursuant to employee benefit plans

February 20, 2015

Exhibit 5.1

 

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140 Scott Drive

Menlo Park, California 94025

Tel: +1.650.328.4600 Fax: +1.650.463.2600

www.lw.com

 

FIRM / AFFILIATE OFFICES

February 20, 2015     Abu Dhabi    Milan
    Barcelona    Moscow
    Beijing    Munich
    Boston    New Jersey
    Brussels    New York
    Chicago    Orange County
    Doha    Paris
    Dubai    Riyadh
    Düsseldorf    Rome
    Frankfurt    San Diego
    Hamburg    San Francisco
    Hong Kong    Shanghai
    Houston    Silicon Valley

Intuit Inc.

2700 Coast Avenue

Mountain View, California 94043

    London    Singapore
    Los Angeles    Tokyo
    Madrid    Washington, D.C.
      

 

  Re: Registration Statement on Form S-8; 6,511

shares of Common Stock, par value $0.01 per share

Ladies and Gentlemen:

We have acted as special counsel to Intuit Inc., a Delaware corporation (the “Company”), in connection with the registration by the Company of 6,511 shares of common stock, par value $0.01 per share (the “Shares”), of the Company issuable pursuant to outstanding restricted stock units assumed by the Company pursuant to the terms of that certain Share Purchase Agreement (the “Purchase Agreement”) by and among the Registrant, Porticor Ltd. (“Porticor”), the Porticor Ltd. shareholders listed on Annex I attached thereto (the “Shareholders”) and Gilad Parann-Nissany as the Shareholder Representative (the “Shareholder Representative”). Pursuant to the Purchase Agreement, the Company assumed such outstanding restricted stock units of Porticor under the Porticor Ltd. 2015 Incentive Plan (the “Plan”). The Shares are included in a registration statement on Form S-8 under the Securities Act of 1933, as amended (the “Act”), to be filed with the Securities and Exchange Commission (the “Commission”) on February 20, 2015 (the “Registration Statement”). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or related prospectus, other than as expressly stated herein with respect to the issue of the Shares.

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the General Corporation Law of the State of Delaware (the “DGCL”) and we express no opinion with respect to any other laws.

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, when the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the holders and have been issued by the Company for legal consideration (not less than par value) in the circumstances contemplated by the Plan, assuming in each case that the individual grants or awards under the Plan have been duly authorized by all necessary corporate action and duly granted or awarded in accordance with the requirements of law and the Plan (and the agreements and awards duly adopted thereunder and in accordance therewith), the issuance and sale of the Shares will have been duly authorized by all necessary corporate action of the Company, and


February 20, 2015

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the Shares will be validly issued, fully paid and nonassessable. In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares provided in the DGCL.

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

Very truly yours,

/s/ LATHAM & WATKINS LLP