11-K 1 d390631d11k.htm FORM 11-K Form 11-K
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 11-K

 

 

(Mark One)

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2016

OR

 

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission file number 001-35992

 

 

 

A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

ORACLE CORPORATION

401(k) SAVINGS AND INVESTMENT PLAN

 

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

ORACLE CORPORATION

500 Oracle Parkway

Redwood City, California 94065

 

 

 


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Financial Statements and Supplemental Schedule

As of December 31, 2016 and 2015 and for the Year Ended December 31, 2016

Table of Contents

 

Report of Sensiba San Filippo LLP, Independent Registered Public Accounting Firm

     1  

Financial Statements:

  

Statements of Net Assets Available for Benefits

     2  

Statement of Changes in Net Assets Available for Benefits

     3  

Notes to Financial Statements

     4  

Supplemental Schedule:

  

Schedule H, Line 4(i)Schedule of Assets (Held at End of Year)

     12  

Signature

     21  

Index to Exhibits

     22  

Exhibit 23.01

  


Table of Contents

Report of Sensiba San Filippo LLP, Independent Registered Public Accounting Firm

To the participants and Plan Committee of the Oracle Corporation 401(k) Savings and Investment Plan

We have audited the accompanying statements of net assets available for benefits of the Oracle Corporation 401(k) Savings and Investment Plan (the Plan) as of December 31, 2016 and 2015, and the related statement of changes in net assets available for benefits for the year ended December 31, 2016. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2016 and 2015, and the changes in net assets available for benefits for the year ended December 31, 2016, in conformity with accounting principles generally accepted in the United States of America.

The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2016 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedule is fairly stated in all material respects in relation to the financial statements as a whole.

 

/s/ SENSIBA SAN FILIPPO LLP
San Mateo, California
May 12, 2017

 

1


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Statements of Net Assets Available for Benefits

As of December 31, 2016 and 2015

(in thousands)

 

     December 31,  
     2016      2015  

Assets

     

Cash

   $ 7,526      $ 12,225  

Investments, at fair value

     12,131,400        11,221,130  

Investments, at contract value

     767,063        646,879  

Receivables:

     

Notes receivable from participants

     90,469        91,362  

Participant contributions

     13,696        13,229  

Employer contributions

     4,774        4,774  

Other receivables

     3,882        4,930  
  

 

 

    

 

 

 

Total receivables

     112,821        114,295  
  

 

 

    

 

 

 

Total assets

     13,018,810        11,994,529  
  

 

 

    

 

 

 

Liabilities

     

Excess deferrals due to participants

     202        154  

Other liabilities

     3,145        4,232  
  

 

 

    

 

 

 

Total liabilities

     3,347        4,386  
  

 

 

    

 

 

 

Net assets available for benefits

   $ 13,015,463      $ 11,990,143  
  

 

 

    

 

 

 

See notes to financial statements.

 

2


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Statement of Changes in Net Assets Available for Benefits

For the Year Ended December 31, 2016

(in thousands)

 

Additions

  

Interest, dividends and other income

   $ 183,895  

Net appreciation in fair values of investments

     798,459  
  

 

 

 

Total investment gains, net

     982,354  
  

 

 

 

Contributions:

  

Participants

     577,969  

Employer

     153,744  

Rollovers

     84,682  
  

 

 

 

Total contributions

     816,395  
  

 

 

 

Total additions, net

     1,798,749  
  

 

 

 

Deductions

  

Benefits paid to participants

     772,936  

Administrative expenses

     493  
  

 

 

 

Total deductions

     773,429  
  

 

 

 

Net increase

     1,025,320  

Net assets available for benefits at beginning of year

     11,990,143  
  

 

 

 

Net assets available for benefits at end of year

   $ 13,015,463  
  

 

 

 

See notes to financial statements.

 

3


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements

December 31, 2016

1. Description of the Plan

The following description of the Oracle Corporation 401(k) Savings and Investment Plan (Plan) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.

General

The Plan is a defined contribution plan originally established in 1986 that has since been amended and for which Oracle Corporation (Oracle) is the current sponsor. The Plan was established for the purpose of providing retirement benefits for the U.S. employees of Oracle and its subsidiaries. The Plan is intended to qualify as a profit sharing plan under Section 401(a) of the Internal Revenue Code of 1986, as amended (the Code), with a salary reduction feature qualified under Section 401(k) of the Code. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The Plan is administered by the 401(k) Committee, members of which are appointed by the Compensation Committee of Oracle’s Board of Directors or the Executive Vice President, Human Resources. Fidelity Management Trust Company is the directed trustee of the Plan; Fidelity Investments Institutional Operations Company, Inc. (Fidelity) serves as the record keeper to maintain the individual accounts of each of the Plan’s participants.

Eligibility

All employees regularly scheduled to work a minimum of 20 hours per week or 1,000 hours in a Plan year on the domestic payroll of Oracle and its subsidiaries that have adopted the Plan are eligible to participate in the Plan as of the first date, or any succeeding entry date following the date the employee is credited with one hour of service with Oracle. However, the following employees or classes of employees are not eligible to participate: (i) employees whose compensation and conditions of employment are subject to determination by collective bargaining; (ii) employees who are non-resident aliens and who received no earned income (within the meaning of the Code) from Oracle; (iii) workers who are performing services at an Oracle facility as an employee of a third-party entity that is not an employment agency; (iv) employees of employment agencies; and (v) persons who are not classified as employees for tax purposes.

Contributions

Each year, participants may contribute up to 40% of their eligible compensation as defined by the Plan document. Annual participant contribution amounts are limited to $18,000 of salary deferrals for the year ended December 31, 2016 ($24,000 for participants 50 years old and older), as determined by the Internal Revenue Service (IRS). Salary deferrals consist of pre-tax and/or Roth 401(k) contributions. Effective October 1, 2016, participants may also contribute up to 15% of their eligible compensation, subject to certain annual dollar limitations, on a post-tax basis.

Oracle matches 50% of an active participant’s salary deferrals up to a maximum deferral of 6% of compensation for the pay period, with maximum aggregate matching of $5,100 in any calendar year. Oracle has the right, under the Plan, to discontinue or modify its matching contributions at any time. Participants may also contribute amounts representing distributions from other qualified plans. All of Oracle’s matching contributions are made in cash on a pre-tax basis.

 

4


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2016

 

Investment Options

Participants direct the investment of their contributions and Oracle’s matching contributions into various investment options offered by the Plan. The Plan currently offers investments in Oracle’s common stock, common/collective trust funds, mutual funds, separately managed account funds (including a stable value fund) and Brokerage Link. Brokerage Link balances consist of the mutual funds offered by the Plan, as well as mutual funds offered by other registered investment companies, common stock or other investment products.

Participant Accounts

Each participant’s account is credited with the participant’s and Oracle’s contributions and allocations of Plan earnings. All amounts in participant accounts are participant directed.

Vesting

All elective contributions made by participants and earnings on those contributions are 100% vested at all times. Participants’ vesting in Oracle’s matching contributions is based on years of service. Participants are 25% vested after one year of service and vest an additional 25% on each successive service anniversary date, becoming 100% vested after four years of service.

Participants forfeit the nonvested portion of their accounts in the Plan upon termination of employment with Oracle. Forfeited balances of terminated participants’ nonvested accounts may be used at Oracle’s discretion, as outlined in the Plan, to reduce its matching contribution obligations. During the year ended December 31, 2016, Oracle used $5,975,000 of forfeited balances to reduce its matching contribution obligations. The amounts of unallocated forfeitures at December 31, 2016 and 2015 were $681,000 and $936,000, respectively.

Notes Receivable from Participants

Participants may borrow from their fund accounts a minimum of $1,000 and up to a maximum of $50,000 or 50% of their vested account balance, whichever is less. Loan terms may not exceed five years unless the loan is used to purchase a participant’s principal residence, in which case repayment terms may not exceed 10 years. The loans are secured by the balance in the participant’s account and bear interest at a rate commensurate with local prevailing lending rates determined by the 401(k) Committee. Principal and interest is paid ratably through payroll deductions, and participants may elect to submit additional payments outside of payroll deductions in order to reduce principal loan balances on an accelerated basis. Loans are generally due in full within 60 days of termination with Oracle unless the participant arranges for loan repayments to continue via monthly debit from a checking or savings account in a bank located in the United States.

Payment of Benefits

Upon termination of service, death, disability, or normal or early retirement, participants may elect to receive a lump-sum amount equal to the vested value of their account or may waive receipt of a lump sum benefit and elect to receive monthly, quarterly or annual installments, or may request a rollover from the Plan to another eligible retirement plan. Failure of a participant to make an election of one of these options within 60 days is deemed to be an election to defer commencement of payment. If the participant’s account is valued at $1,000 or less, the amount is distributed in a lump sum. Distributions of investments in Oracle’s common stock may be taken in the form of common stock. Hardship withdrawals are permitted if certain criteria are met.

 

5


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2016

 

Investment Management Fees and Operating Expenses

Investment management fees and operating expenses charged to the Plan for investments in the various funds are deducted from income earned on a daily basis and are reflected as a component of net appreciation in fair values of investments.

Administrative Expenses

Administrative expenses are borne by Oracle, except for fees related to administration of participant loans and certain withdrawal transactions, which are deducted from the applicable participants’ accounts. Oracle, at its discretion, may choose to utilize available revenue sharing (based on a revenue sharing agreement between Oracle and Fidelity) to pay for reasonable expenses related to the administration of the Plan.

Plan Termination

Although it has not expressed any intent to do so, Oracle has the right, under provisions of the Plan, to terminate the Plan, subject to the provisions of ERISA. In the event of the Plan’s termination, participants will become 100% vested in their accounts.

2. Summary of Significant Accounting Policies

Basis of Accounting and Presentation

The accompanying financial statements of the Plan are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (U.S. GAAP). The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

During 2016, the Plan adopted Financial Accounting Standards Board Accounting Standards Update No. 2015-12, Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): (Part I) Fully Benefit-Responsive Investment Contracts, (Part II) Plan Investment Disclosures, (Part III) Measurement Date Practical Expedient (ASU 2015-12) and Accounting Standards Update No. 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) (ASU 2015-07), both of which required that certain 2015 balances be reclassified and related disclosures revised to conform to the 2016 presentation and neither of which had a material impact to the Plan’s financial statements and notes thereto.

Investments Valuation and Income Recognition

The Plan’s investments are generally stated at their fair values with the exception of the Galliard Stable Value Fund (a separately-managed account fund investment), which is stated at its contract value in the statements of net assets available for benefits at December 31, 2016 and 2015. The shares of registered investment companies (mutual funds) are valued at quoted market prices. The money market funds are valued at cost plus accrued interest, which approximated fair values. Common stock, including Oracle’s common stock, is traded on a national securities exchange and is valued at the last reported sales price on the last day of the Plan year. The valuation techniques used to measure the fair values of the common/collective trust funds with significant balances as of December 31, 2016 are included in Note 4 below.

Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on an accrual basis. Dividends are recorded on the ex-dividend date.

 

6


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2016

 

The Oracle Stock Fund (Fund) is tracked on a unitized basis, which allows for daily trades. The Fund consists of Oracle common stock and investment in the Fidelity Investments Money Market Government Portfolio sufficient to meet the Fund’s daily cash needs. The value of a unit reflects the combined market value of Oracle common stock and the cash investments held by the Fund. At December 31, 2016, 2,451,197 units were outstanding with a value of $289.03 per unit. At December 31, 2015, 2,573,027 units were outstanding with a value of $270.57 per unit.

Fair Value Measurements

The Plan performs fair value measurements in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification 820, Fair Value Measurement (ASC 820). Refer to Note 3 for the fair value measurement disclosures associated with the Plan’s investments.

Risks and Uncertainties

The Plan provided for various investment options in common stock, registered investment companies (mutual funds), common/collective trusts, separately-managed account funds (including a stable value fund) and short-term investments. The Plan’s exposure to credit losses in the event of nonperformance of investments is limited to the carrying value of such investments. Investment securities, in general, are exposed to various risks, such as risk of foreign currency fluctuations relative to the U.S. Dollar, interest rate risk, credit risk, and overall market volatility risk. During the year ended December 31, 2016, net appreciation in fair values of investments totaled $798 million. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for benefits, participant account balances and the statement of changes in net assets available for benefits.

3. Fair Value Measurements

The Plan performs fair value measurements in accordance with the guidance provided by ASC 820. ASC 820 defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required to be recorded at their fair values, the Plan considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the assets or liabilities, such as inherent risk, transfer restrictions, and risk of nonperformance.

ASC 820 establishes a fair value hierarchy that requires the Plan to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. An asset’s or a liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 establishes three levels of inputs that may be used to measure fair value:

 

    Level 1: quoted prices in active markets for identical assets or liabilities;

 

    Level 2: inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or

 

    Level 3: unobservable inputs that are supported by little or no market activity and that are significant to the fair values of the assets or liabilities.

 

7


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2016

 

Investments Measured at Fair Value on a Recurring Basis

Investments measured at fair value on a recurring basis consisted of the following types of instruments (Level 1 and 2 inputs are defined above):

 

    December 31, 2016     December 31, 2015  
    Fair Value Measurements
Using Input Types
          Fair Value Measurements
Using Input Types
       

(in thousands)

  Level 1     Level 2     Total     Level 1     Level 2     Total  

Money market funds

  $ 223,396     $ —       $ 223,396     $ 172,288     $ —       $ 172,288  

Oracle Corporation and other common stock

    1,537,625       —         1,537,625       1,502,351       —         1,502,351  

Mutual funds

    4,732,217       —         4,732,217       4,180,038       —         4,180,038  

Corporate securities and others

    7,762       7,880       15,642       4,162       8,011       12,173  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total investments measured at fair value

  $   6,501,000     $   7,880     $   6,508,880     $   5,858,839     $   8,011     $   5,866,850  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Common/collective trust funds measured at net asset value

        5,622,520           5,354,280  
     

 

 

       

 

 

 

Investments, at fair value

      $ 12,131,400         $ 11,221,130  
     

 

 

       

 

 

 

The Plan’s valuation techniques used to measure the fair values of money market funds, common stock, mutual funds and corporate securities and others that were classified as Level 1 in the table above were derived from quoted market prices as substantially all of these instruments have active markets. The Plan’s valuation techniques used to measure the fair value of level 2 instruments listed in the table above were derived from the following: non-binding market consensus prices that were corroborated by observable market data, quoted market prices for similar instruments, or pricing models, such as discounted cash flow techniques, with all significant inputs derived from or corroborated by various observable market data. A description of the valuation techniques used to measure the fair values of common/collective trust funds and separately-managed account fund investments with significant balances as of December 31, 2016 and 2015 are included in Note 4 below. Redemption for common collective trust funds is permitted daily with no restrictions and same-day or one-day notice periods and there are no unfunded commitments.

4. Composition and Valuation of Certain Plan Investments

Fidelity Commingled Funds

The Plan held investments in Fidelity Contrafund Commingled Pool, Fidelity Growth Company Commingled Pool and Fidelity Low-Priced Stock Commingled Pool as of December 31, 2016 and 2015 (collectively, the Fidelity Commingled Funds). The Fidelity Commingled Funds are common/collective trust funds managed by Fidelity Management Trust Company. Fidelity Pricing and Cash Management Services, an affiliate of Fidelity Management Trust Company, determines the fair values of the Fidelity Commingled Funds on a daily basis using the net asset value (NAV) of units held of the commingled funds. The NAV is based on the fair value of the underlying investments held by each commingled fund less its liabilities. The fair value of the underlying investments is generally derived from the quoted prices in active markets of the underlying securities as substantially all of the underlying investments have active markets.

 

8


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2016

 

Vanguard Target Retirement Trusts

The Plan held investments in Vanguard Target Retirement Trusts (Vanguard Trusts), which are more specifically listed in Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year) as of December 31, 2016 and 2015. The Vanguard Trusts are common/collective trust funds sponsored and maintained by Vanguard Fiduciary Trust Company. The trustee, Vanguard Fiduciary Trust Company, generally determines the fair values of the Vanguard Trusts’ units each day the New York Stock Exchange is open for trading. The underlying investments of the Vanguard Trusts are valued based on quoted market prices as substantially all of these underlying investments have active markets. The values of the Vanguard Trusts are determined based upon the values of these underlying investments held for benefit of the Vanguard Trusts less any liabilities.

Galliard Stable Value Fund

During the years ended December 31, 2016 and 2015, the Plan held investments in Galliard Stable Value Fund (Galliard Fund). The Galliard Fund is exclusively managed for the Plan by Galliard Capital Management, Inc. The Galliard Fund primarily invests in common/collective trust funds in the Plan’s name for the sole benefit of Plan participants, security-backed investment contracts, separate accounts guaranteed investment contracts and money market funds. Security-backed investment contracts are issued by insurance companies and other financial institutions that wrap underlying bond funds, fixed income common/collective trust funds or separate accounts (“Wrap Contract”).

The issuer of the Wrap Contract guarantees a minimum rate of return and provides full benefit responsiveness, provided that all terms of the Wrap Contract have been met. Wrap Contracts are normally agreements entered with issuers rated in the top three long-term rating categories (equaling A- or above) as determined by any of the nationally recognized rating organizations. The Galliard Fund is credited with contributions from participants and earnings on the underlying investments and charged for participant withdrawals and administrative expenses.

As of December 31, 2016 and 2015, there were no reserves against the Wrap Contracts’ carrying values due to credit risks of the issuers. Certain events limit the ability of the Plan to transact at contract value with the wrap issuer. However, the Plan’s management is not aware of the occurrence or likely occurrence of any such events, which would limit the Plan’s ability to transact at contract value with participants. The issuer may terminate a Wrap Contract at any time.

The following table provides the disaggregation of contract value between types of investment contracts held by the Plan (in thousands):

 

     December 31,  
     2016      2015  

Security-backed investment contracts

   $ 677,789      $ 566,325  

Separate account guaranteed investment contracts

     89,274        80,554  
  

 

 

    

 

 

 

Total investment contracts

   $         767,063      $         646,879  
  

 

 

    

 

 

 

5. Income Tax Status

On October 20, 2015, the Plan received a determination letter from the IRS stating that the Plan is qualified under Section 401(a) of the Code, and therefore, the related trust is exempt from taxation. This determination

 

9


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2016

 

letter superseded the determination letters issued by the IRS on April 3, 2015 and May 29, 2014. The 401(k) Committee believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan is qualified and the related trust is tax exempt. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

6. Party-in-Interest Transactions

Transactions in shares of Oracle common stock qualify as party-in-interest transactions under the provisions of ERISA. During the year ended December 31, 2016, the Plan made purchases of approximately $51,963,000 and sales of approximately $65,611,000 of Oracle common stock. In addition, the Plan made in-kind transfers of Oracle common stock to participants, related to certain qualifying distribution, of approximately $12,426,000 during the year ended December 31, 2016.

Certain members of Oracle Corporation management perform administrative and fiduciary duties for the Plan that qualify them as parties-in-interest and/or related parties of the Plan. Transactions between such members of Oracle Corporation management and the Plan were routine in nature and conducted pursuant to the Plan’s provisions as of and during the year ended December 31, 2016.

As noted in Note 1 above, Fidelity Management Trust Company is a directed trustee of the Plan and Fidelity Investments Institutional Operations Company, Inc. serves as the record keeper to maintain the individual accounts of each Plan participant. Certain Plan investments include shares of mutual funds that are managed by affiliates of Fidelity.

7. Differences between Financial Statements and Form 5500

The following is a reconciliation of the net assets available for benefits per the financial statements to the Plan’s Form 5500 (in thousands):

 

     December 31,  
     2016     2015  

Net assets available for benefits per the financial statements

   $ 13,015,463     $ 11,990,143  

Adjustment from contract value to fair value of certain Galliard Stable Value Fund assets

     695       2,683  

Amounts allocated to withdrawing participants and other

     (1,285     (880
  

 

 

   

 

 

 

Net assets available for benefits per the Form 5500

   $     13,014,873     $     11,991,946  
  

 

 

   

 

 

 

The following is a reconciliation of the changes in net assets available for benefits per the financial statements to the Plan’s Form 5500 (in thousands):

 

     Year Ended December 31,  
     2016     2015  

Net increase (decrease) in net assets available for benefits per the financial statements

   $       1,025,320     $        (115,213

Net change in fair value adjustment of certain Galliard Stable Value Fund assets

     (2,301     (5,201

Net change in amounts allocated to withdrawing participants and other

     (92     447  
  

 

 

   

 

 

 

Net income (loss) per the Form 5500

   $ 1,022,927     $ (119,967
  

 

 

   

 

 

 

 

10


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2016

 

The fair value adjustment for certain Galliard Stable Value Fund assets represented the differences between contract values of certain fully benefit-responsive contracts within the Galliard Fund as included in the statements of changes in net assets available for benefits for the years ended December 31, 2016 and 2015, and the respective fair values of these contracts as reported in the respective Form 5500. Certain investments within the Galliard Fund are presented at contract value in both the statements of changes in net assets available for benefits and the Form 5500, and therefore, do not result in a difference between the Plan’s financial statements and the Form 5500. Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to each respective year-end but were not yet paid.

8. Excess Contributions

Contributions received from participants for the year ended December 31, 2016 included approximately $202,000 of excess contributions (net of corresponding gains and losses) that were remitted during January 2017 through April 2017 to certain participants. The excess deferral contributions, originally deducted in the year ended December 31, 2016, were returned to comply with the participants’ applicable maximum annual contributions permitted under the Code. The amount is included in the Plan’s statement of net assets available for benefits as excess deferrals due to participants at December 31, 2016.

 

11


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)

December 31, 2016

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current
Value
(in thousands)
 
  Registered Investment Companies:    
 

Dodge & Cox International Stock Fund

  9,908,473 shares   $ 377,513  
 

Dodge & Cox Stock Fund

  4,451,583 shares     820,427  

*

 

Fidelity Balanced Fund—Class K

  20,070,620 shares     441,955  

*

 

Fidelity Worldwide Fund

  8,041,175 shares     175,378  
 

Lazard Emerging Markets Equity Fund Class Institutional

  13,856,105 shares     221,143  
 

PIMCO Inflation Response Multi-Asset Fund Institutional

  1,043,504 shares     8,964  
 

Vanguard Extended Market Index Fund Institutional Plus Shares

  1,847,710 shares     331,590  
 

Vanguard Institutional Index Fund Institutional Plus Shares

  7,488,143 shares     1,526,383  
 

Vanguard Total Bond Market Index Fund Institutional Plus Shares

  34,058,864 shares     362,727  
 

Vanguard Total International Stock Index Fund Institutional Plus Shares

  1,047,872 shares     103,236  
     

 

 

 
        4,369,316  
  Assets in Brokerage Link Accounts   Various investments, including registered investment companies, common stocks, money market funds and cash     653,085  
  Oracle Corporation Common Stock Fund:    

*

 

Oracle Corporation Common Stock

  18,323,052 shares     704,521  

*

 

Fidelity Investments Money Market Government Portfolio

  3,909,560 shares     3,910  
 

Separately-managed Account Fund Investments:

   
 

Artisan International Separate Account —

   
 

Depository Receipts

   
 

Alibaba Group Holding Limited

  53,064 shares     4,660  
 

BHP Billiton PLC

  4,161 shares     131  
 

Ctrip.com International, Ltd.

  16,315 shares     653  
 

Grifols, S.A.

  93,672 shares     1,505  
 

MMC Norilsk Nickel PJSC

  33,919 shares     570  
 

Taiwan Semiconductor Manufacturing Company, Limited

  108,503 shares     3,120  
 

Tenaris S.A.

  31,511 shares     1,125  
 

Common Stock

   
 

Actelion, Ltd

  6,625 shares     1,435  
 

AIA Group, Ltd

  688,678 shares     3,886  
 

Akzo Nobel N.V.

  27,726 shares     1,734  
 

Allegion PLC

  2,739 shares     175  
 

Allianz SE

  36,194 shares     5,982  
 

Amazon.com Inc.

  2,523 shares     1,892  
 

Aon PLC

  43,278 shares     4,827  
 

ASML Holding N.V.

  13,975 shares     1,569  
 

Assicurazioni Generali S.p.A.

  161,691 shares     2,403  
 

Atlantia S.p.A.

  63,454 shares     1,487  
 

AXA SA

  109,387 shares     2,762  
 

Beiersdorf AG

  32,510 shares     2,758  

 

12


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2016

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current
Value
(in thousands)
 
 

Bridgestone Corporation

  36,300 shares     1,309  
 

British American Tobacco plc

  17,599 shares     1,003  
 

Calbee Inc.

  35,700 shares     1,118  
 

Canadian Pacific Railway Ltd

  37,769 shares     5,392  
 

China Construction Bank Corporation

  233,874 shares     180  
 

China Mobile Limited

  149,000 shares     1,580  
 

Coca-Cola European Partners plc

  91,643 shares     2,878  
 

ConvaTec Group plc

  512,431 shares     1,477  
 

Deutsche Boerse AG

  77,887 shares     6,358  
 

Deutsche Post AG

  59,812 shares     1,967  
 

Grifols, S.A.

  50,110 shares     996  
 

Heineken N.V.

  4,991 shares     374  
 

HSBC Holdings PLC

  190,800 shares     1,532  
 

Imperial Brands plc

  29,445 shares     1,286  
 

ING Groep N.V.

  358,297 shares     5,043  
 

Intesa Sanpaolo S.p.A.

  960,565 shares     2,453  
 

ISS A/S

  21,412 shares     723  
 

Japan Tobacco Inc.

  192,616 shares     6,335  
 

KDDI Corporation

  100,200 shares     2,537  
 

LafargeHolcim Ltd

  31,821 shares     1,677  
 

Liberty Global plc (LBTYA_US)

  72,200 shares     2,209  
 

Liberty Global plc (LBTYK_US)

  116,124 shares     3,449  
 

Linde AG

  40,720 shares     6,691  
 

Medtronic plc

  65,992 shares     4,701  
  Registered Investment Companies:    
 

Dodge & Cox International Stock Fund

  9,908,473 shares     377,513  
 

Dodge & Cox Stock Fund

  4,451,583 shares     820,427  

*

 

Fidelity Balanced Fund—Class K

  20,070,620 shares     441,955  

*

 

Fidelity Worldwide Fund

  8,041,175 shares     175,378  
 

Lazard Emerging Markets Equity Fund Class Institutional

  13,856,105 shares     221,143  
 

PIMCO Inflation Response Multi-Asset Fund Institutional

  1,043,504 shares     8,964  
 

Vanguard Extended Market Index Fund Institutional Plus Shares

  1,847,710 shares     331,590  
 

Vanguard Institutional Index Fund Institutional Plus Shares

  7,488,143 shares     1,526,383  
 

Vanguard Total Bond Market Index Fund Institutional Plus Shares

  34,058,864 shares     362,727  
 

Vanguard Total International Stock Index Fund Institutional Plus Shares

  1,047,872 shares     103,236  
     

 

 

 
        4,369,316  
  Assets in Brokerage Link Accounts  

Various investments, including registered investment

companies, common stocks, money market funds and cash

    653,085  
  Oracle Corporation Common Stock Fund:    

*

 

Oracle Corporation Common Stock

  18,323,052 shares     704,521  

*

 

Fidelity Institutional Money Market Fund

  3,909,560 shares     3,910  

 

13


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2016

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current
Value
(in thousands)
 
 

Separately-managed Account Fund Investments:

   
 

Artisan International Separate Account—

   
 

Depository Receipts

   
 

Alibaba Group Holding Limited

  53,064 shares     4,660  
 

BHP Billiton PLC

  4,161 shares     131  
 

Ctrip.com International, Ltd.

  16,315 shares     653  
 

Grifols, S.A.

  93,672 shares     1,505  
 

MMC Norilsk Nickel PJSC

  33,919 shares     570  
 

Taiwan Semiconductor Manufacturing Company, Limited

  108,503 shares     3,120  
 

Tenaris S.A.

  31,511 shares     1,125  
 

Common Stock

   
 

Actelion, Ltd

  6,625 shares     1,435  
 

AIA Group, Ltd

  688,678 shares     3,886  
 

Akzo Nobel N.V.

  27,726 shares     1,734  
 

Allegion PLC

  2,739 shares     175  
 

Allianz SE

  36,194 shares     5,982  
 

Amazon.com Inc.

  2,523 shares     1,892  
 

Aon PLC

  43,278 shares     4,827  
 

ASML Holding N.V.

  13,975 shares     1,569  
 

Assicurazioni Generali S.p.A.

  161,691 shares     2,403  
 

Atlantia S.p.A.

  63,454 shares     1,487  
 

AXA SA

  109,387 shares     2,762  
 

Beiersdorf AG

  32,510 shares     2,758  
 

Bridgestone Corporation

  36,300 shares     1,309  
 

British American Tobacco plc

  17,599 shares     1,003  
 

Calbee Inc.

  35,700 shares     1,118  
 

Canadian Pacific Railway Ltd

  37,769 shares     5,392  
 

China Construction Bank Corporation

  233,874 shares     180  
 

China Mobile Limited

  149,000 shares     1,580  
 

Coca-Cola European Partners plc

  91,643 shares     2,878  
 

ConvaTec Group plc

  512,431 shares     1,477  
 

Deutsche Boerse AG

  77,887 shares     6,358  
 

Deutsche Post AG

  59,812 shares     1,967  
 

Grifols, S.A.

  50,110 shares     996  
 

Heineken N.V.

  4,991 shares     374  
 

HSBC Holdings PLC

  190,800 shares     1,532  
 

Imperial Brands plc

  29,445 shares     1,286  
 

ING Groep N.V.

  358,297 shares     5,043  
 

Intesa Sanpaolo S.p.A.

  960,565 shares     2,453  
 

ISS A/S

  21,412 shares     723  
 

Japan Tobacco Inc.

  192,616 shares     6,335  
 

KDDI Corporation

  100,200 shares     2,537  
 

LafargeHolcim Ltd

  31,821 shares     1,677  
 

Liberty Global plc (LBTYA_US)

  72,200 shares     2,209  
 

Liberty Global plc (LBTYK_US)

  116,124 shares     3,449  
 

Linde AG

  40,720 shares     6,691  
 

Medtronic plc

  65,992 shares     4,701  
 

Nestle S.A.

  78,080 shares     5,601  
 

Nippon Telegraph and Telephone Corporation

  65,200 shares     2,740  
 

Nomura Holdings, Inc.

  305,500 shares     1,802  

 

14


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2016

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current
Value
(in thousands)
 
 

NTT DOCOMO, Inc.

  177,541 shares     4,046  
 

Pernod Ricard S.A.

  6,219 shares     674  
 

Rogers Communications Inc.

  26,532 shares     1,024  
 

RTL Group SA

  7,345 shares     539  
 

Schneider Electric SE

  13,200 shares     919  
 

St. James’s Place plc

  14,065 shares     176  
 

Sumitomo Mitsui Financial Group, Inc.

  39,500 shares     1,508  
 

Swedbank AB

  78,045 shares     1,887  
 

Telenet Group Holding NV

  28,951 shares     1,607  
 

Thai Beverage PCL

  378,700 shares     223  
 

UBS Group AG

  133,356 shares     2,089  
 

UniCredit S.p.A.

  53,945 shares     155  
 

Vallourec SA

  54,928 shares     379  
 

Vonovia SE

  64,215 shares     2,089  
 

WABCO Holdings Inc.

  15,224 shares     1,616  
 

Westpac Banking Corporation

  75,454 shares     1,775  
 

Willis Towers Watson PLC

  9,147 shares     1,119  
 

Wirecard AG

  65,139 shares     2,804  
 

Wolseley plc

  38,143 shares     2,333  
 

Zodiac Aerospace

  148,013 shares     3,399  
 

Participating Certificate

   
 

Ryanair Holdings plc

  236,470 shares     3,611  
 

Preferred Stock

   
 

Henkel AG & Co KGaA

  19,390 shares     2,312  
     

 

 

 
        152,369  
 

Galliard Stable Value Fund—

   
 

Common/Collective Trust Funds

   
 

Wells Fargo Fixed Income Fund A

  9,912,601 shares     253,764  
 

Wells Fargo Fixed Income Fund E

  1,730,667 shares     41,312  
 

Wells Fargo Fixed Income Fund F

  22,803,839 shares     316,517  
 

Wells Fargo Fixed Income Fund N

  5,685,957 shares     66,891  
 

Wells Fargo Stable Value Fund W

  1,098,327 shares     58,776  
 

Wells Fargo Short-Term Investment Fund S

  432,980 shares     433  
 

MetLife Insurance Company Separate Account

  883,747 shares     89,274  

*

 

Fidelity Institutional Money Market Government Portfolio

  16,233,597 shares     16,233  
     

 

 

 
        843,200  
 

US Small Mid Cap Value Fund—

   
 

Registered Investment Companies

   
 

DFA US Targeted Value I

  9,284,707 shares     222,926  
 

Common Stock

   
 

ABM Industries Incorporated

  19,930 shares     814  
 

Aecom

  35,120 shares     1,277  
 

Aegion Corporation

  27,754 shares     658  
 

AES Corporation/VA

  97,716 shares     1,136  
 

AGNC Investment Corp.

  37,970 shares     689  
 

Air Lease Corporation

  94,839 shares     3,256  
 

Ally Financial Inc

  67,436 shares     1,283  
 

Amdocs Limited

  29,308 shares     1,707  
 

American Eagle Outfitters, Inc.

  84,806 shares     1,287  

 

15


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2016

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current
Value
(in thousands)
 
 

American Homes 4 Rent

  82,843 shares     1,738  
 

Anworth Mortgage Asset Corporation

  85,062 shares     440  
 

Ares Capital Corporation

  75,264 shares     1,241  
 

Ares Commercial Real Estate Corporation

  109,024 shares     1,497  
 

Arrow Electronics, Inc.

  46,356 shares     3,305  
 

Assurant, Inc.

  6,846 shares     636  
 

Assured Guaranty Ltd

  42,284 shares     1,597  
 

Athene Holding Ltd.

  9,155 shares     439  
 

Avnet, Inc.

  53,820 shares     2,562  
 

Axis Capital Holdings Limited

  31,888 shares     2,081  
 

Banc Of California, Inc.

  85,225 shares     1,479  
 

Belden Inc.

  8,479 shares     634  
 

Berry Plastics Group Inc.

  50,662 shares     2,469  
 

Blackstone Mortgage Trust Inc

  20,617 shares     620  
 

BMC Stock Holdings, Inc.

  78,370 shares     1,528  
 

Booz Allen Hamilton Holding Corporation

  19,473 shares     703  
 

Bristow Group Inc.

  62,656 shares     1,283  
 

Brocade Communications Systems, Inc.

  119,344 shares     1,491  
 

Brooks Automation, Inc.

  53,389 shares     911  
 

Brunswick Corporation

  13,507 shares     737  
 

Cabot Corporation

  11,286 shares     570  
 

CDW Corporation

  43,694 shares     2,276  
 

Centene Corporation

  10,230 shares     578  
 

Chatham Lodging Trust

  60,087 shares     1,235  
 

Chemed Corporation

  15,725 shares     2,523  
 

ClubCorp Holdings, Inc.

  137,361 shares     1,971  
 

Coherent, Inc.

  15,021 shares     2,064  
 

Colony Capital, Inc.

  78,519 shares     1,590  
 

Columbia Banking System, Inc.

  14,746 shares     659  
 

CommScope Holding Company, Inc.

  44,428 shares     1,653  
 

Convergys Corporation

  26,727 shares     656  
 

Crown Holdings, Inc.

  11,476 shares     603  
 

Cubic Corporation

  12,563 shares     602  
 

Curtiss-Wright Corporation

  11,437 shares     1,125  
 

CYS Investments, Inc.

  259,796 shares     2,008  
 

Diamondback Energy, Inc.

  25,588 shares     2,586  
 

Drew Industries Incorporated

  36,222 shares     3,903  
 

Dril-Quip, Inc.

  9,281 shares     557  
 

E*Trade Financial Corporation

  20,538 shares     712  
 

East West Bancorp Inc.

  42,716 shares     2,171  
 

EnerSys

  16,349 shares     1,277  
 

Envision Healthcare Corporation

  15,989 shares     1,012  
 

Essent Group Ltd

  51,335 shares     1,662  
 

Express, Inc.

  52,378 shares     564  
 

Extraction Oil & Gas, Inc.

  11,277 shares     226  
 

FCB Financial Holdings, Inc.

  20,940 shares     999  
 

Federated Investors, Inc.

  28,938 shares     818  
 

Ferro Corporation

  39,164 shares     561  
 

Ferroglobe PLC

  33,361 shares     361  
 

Fidelity National Financial, Inc.

  26,286 shares     893  
 

Fidelity National Financial Ventures

  14,562 shares     200  
 

Finish Line Inc.

  60,272 shares     1,134  

 

16


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2016

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current
Value
(in thousands)
 
 

First American Financial Corporation

  23,320 shares     854  
 

First Citizens Bancshares, Inc.

  3,042 shares     1,080  
 

First Republic Bank

  8,389 shares     773  
 

First Solar, Inc.

  16,594 shares     533  
 

First Cash, Inc.

  30,005 shares     1,410  
 

Flex Ltd.

  135,656 shares     1,949  
 

FTD Companies, Inc

  28,662 shares     683  
 

FTI Consulting, Inc.

  14,838 shares     669  
 

G&K Services, Inc.

  6,053 shares     584  
 

Granite Construction Incorporated

  17,486 shares     962  
 

Graphic Packaging Holding Company

  146,366 shares     1,827  
 

Group 1 Automotive, Inc.

  9,457 shares     737  
 

Gulfport Energy Corporation

  36,046 shares     780  
 

Hanmi Financial Corporation

  29,544 shares     1,031  
 

Hanover Insurance Group, Inc.

  8,663 shares     788  
 

Heidrick & Struggles International, Inc

  30,506 shares     737  
 

Hillenbrand, Inc.

  18,484 shares     709  
 

Huntington Bancshares Incorporated

  58,330 shares     771  
 

Huntington Ingalls Industries Inc

  11,215 shares     2,066  
 

IAC/InterActiveCorp

  23,635 shares     1,531  
 

ICON plc.

  23,091 shares     1,736  
 

Infinity Property and Casualty Corporation

  6,727 shares     591  
 

Insight Enterprises, Inc.

  19,077 shares     771  
 

Integra Lifesciences Holdings Corporation

  7,268 shares     624  
 

Investors Bancorp, Inc.

  74,968 shares     1,046  
 

Jacobs Engineering Group Inc.

  28,578 shares     1,629  
 

Jones Lang LaSalle Incorporated

  10,485 shares     1,059  
 

KAR Auction Services, Inc.

  45,875 shares     1,955  
 

Kosmos Energy Ltd.

  92,619 shares     649  
 

LaSalle Hotel Properties

  37,126 shares     1,131  
 

Leucadia National Corporation

  78,050 shares     1,815  
 

LifePoint Health, Inc.

  13,086 shares     743  
 

Lions Gate Entertainment Corp.

  19,944 shares     489  
 

Lithia Motors, Inc.

  21,097 shares     2,043  
 

Live Nation Entertainment, Inc.

  21,112 shares     562  
 

Maiden Holdings, Ltd.

  197,557 shares     3,447  
 

ManpowerGroup Inc.

  7,166 shares     637  
 

Maximus, Inc.

  10,100 shares     563  
 

MFA Financial, Inc.

  235,005 shares     1,793  
 

Minerals Technologies Inc.

  29,086 shares     2,247  
 

MTGE Investment Corp.

  28,571 shares     449  
 

Multi Packaging Solutions International Limited

  73,618 shares     1,050  
 

Nationstar Mortgage Holdings Inc.

  74,187 shares     1,340  
 

Navient Corporation

  176,531 shares     2,900  
 

Navigant Consulting, Inc.

  55,912 shares     1,464  
 

Nelnet, Inc.

  28,247 shares     1,434  
 

NU Skin Enterprises, Inc.

  28,016 shares     1,339  
 

Office Depot, Inc

  150,438 shares     680  
 

Olin Corporation

  51,608 shares     1,322  
 

On Assignment, Inc.

  16,914 shares     747  
 

ON Semiconductor Corp.

  233,153 shares     2,975  

 

17


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2016

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current
Value
(in thousands)
 
 

Owens & Minor, Inc.

  15,021 shares     530  
 

Packaging Corporation of America

  7,284 shares     618  
 

Parexel International Corporation

  25,753 shares     1,692  
 

Parsley Energy, Inc.

  114,784 shares     4,045  
 

PharMerica Corporation

  22,277 shares     560  
 

PNM Resources, Inc.

  20,737 shares     711  
 

PRA Group, Inc.

  22,510 shares     880  
 

PulteGroup, Inc.

  30,272 shares     556  
 

QEP Resources, Inc.

  102,970 shares     1,896  
 

Radian Group Inc.

  106,321 shares     1,912  
 

Raymond James Financial, Inc.

  9,370 shares     649  
 

Realogy Holdings Corp.

  18,985 shares     488  
 

Reinsurance Group of America, Incorporated

  16,447 shares     2,070  
 

Rice Energy Inc.

  79,950 shares     1,707  
 

RPX Corporation

  97,687 shares     1,055  
 

RSP Permian, Inc.

  25,003 shares     1,116  
 

Scholastic Corporation

  11,041 shares     524  
 

Schweitzer-Mauduit International, Inc.

  39,352 shares     1,792  
 

Scripps Networks Interactive, Inc.

  15,952 shares     1,138  
 

Select Medical Holdings Corporation

  57,415 shares     761  
 

Service Corporation International

  25,897 shares     735  
 

Skechers USA Inc.

  82,644 shares     2,031  
 

SLM Corporation

  109,808 shares     1,210  
 

Starwood Property Trust, Inc.

  77,252 shares     1,696  
 

Steel Dynamics, Inc.

  71,716 shares     2,552  
 

Steven Madden, Ltd.

  42,463 shares     1,518  
 

Stifel Financial Corp.

  49,923 shares     2,494  
 

SVB Financial Group

  17,826 shares     3,060  
 

Sykes Enterprises, Incorporated

  29,491 shares     851  
 

Synnex Corporation

  14,948 shares     1,809  
 

Tailored Brands, Inc

  106,446 shares     2,720  
 

Tegna Inc.

  32,949 shares     705  
 

Teletech Holdings, Inc.

  69,661 shares     2,125  
 

Tempur Sealy International, Inc.

  11,318 shares     773  
 

Teradyne, Inc.

  53,912 shares     1,369  
 

Tetra Tech, Inc.

  37,049 shares     1,599  
 

Torchmark Corporation

  18,155 shares     1,339  
 

Tutor Perini Corporation

  20,874 shares     584  
 

Two Harbors Investment Corp.

  223,300 shares     1,947  
 

Universal Corporation

  24,580 shares     1,567  
 

Validus Holdings, Ltd.

  39,167 shares     2,155  
 

Walker & Dunlop, Inc.

  89,020 shares     2,777  
 

Wesco International, Inc.

  46,998 shares     3,128  
 

Western Refining, Inc.

  46,541 shares     1,762  
 

WildHorse Resource Development Corporation

  79,247 shares     1,157  
 

World Fuel Services Corporation

  59,903 shares     2,750  
 

Brown Brothers Harriman Short-Term Investment Fund

  11,078,964 shares     11,079  
     

 

 

 
        446,069  

 

18


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2016

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current
Value
(in thousands)
 
 

William Blair Small Mid Cap Growth Separate Account —

   
 

Common Stock

   
 

2U, Inc.

  66,250 shares     1,997  
 

ABIOMED, Inc.

  19,823 shares     2,234  
 

Affiliated Managers Group, Inc.

  20,813 shares     3,024  
 

Akamai Technologies, Inc.

  40,410 shares     2,694  
 

Akorn, Inc.

  108,012 shares     2,358  
 

Align Technology, Inc.

  18,469 shares     1,775  
 

Amedisys, Inc.

  39,024 shares     1,663  
 

Arista Networks, Inc.

  19,230 shares     1,861  
 

Axalta Coating Systems, Ltd.

  72,460 shares     1,971  
 

Ball Corporation

  32,680 shares     2,453  
 

Bank of the Ozarks

  63,030 shares     3,315  
 

Blue Buffalo Pet Products Inc

  64,920 shares     1,561  
 

Booz Allen Hamilton Holding Corporation

  102,743 shares     3,706  
 

BWX Technologies, Inc.

  75,920 shares     3,014  
 

Cable One, Inc.

  1,630 shares     1,013  
 

Cambrex Corporation

  53,730 shares     2,899  
 

Carrizo Oil & Gas, Inc.

  34,060 shares     1,272  
 

CBOE Holdings, Inc.

  23,319 shares     1,723  
 

Celanese Corporation

  32,116 shares     2,529  
 

Centene Corporation

  48,390 shares     2,735  
 

Colliers International Group Inc.

  29,708 shares     1,092  
 

Copart, Inc.

  57,640 shares     3,194  
 

CoStar Group, Inc.

  22,156 shares     4,176  
 

CSRA Inc.

  91,130 shares     2,901  
 

DeVry Education Group Inc.

  67,436 shares     2,104  
 

Diamondback Energy, Inc.

  26,080 shares     2,636  
 

Dun & Bradstreet, Inc.

  15,080 shares     1,830  
 

Encore Capital Group, Inc.

  53,496 shares     1,533  
 

Exact Sciences Corporation

  154,540 shares     2,065  
 

FactSet Research Systems Inc.

  12,696 shares     2,075  
 

First Cash Financial Services, Inc.

  40,758 shares     1,916  
 

FirstService Corporation

  44,145 shares     2,096  
 

Glaukos Corporation

  51,090 shares     1,752  
 

Guidewire Software, Inc.

  62,840 shares     3,100  
 

HealthSouth Corporation

  50,715 shares     2,091  
 

Heico Corporation

  30,350 shares     2,061  
 

Herbalife Ltd

  28,150 shares     1,355  
 

Hexcel Corporation

  47,890 shares     2,463  
 

IberiaBank Corporation

  14,600 shares     1,223  
 

Idexx Laboratories, Inc.

  13,990 shares     1,641  
 

IMAX Corporation

  68,784 shares     2,160  
 

j2 Global, Inc.

  48,382 shares     3,958  
 

Jones Lang LaSalle Incorporated

  15,073 shares     1,523  
 

Ligand Pharmaceuticals Incorporated

  31,634 shares     3,214  
 

Martin Marietta Materials, Inc.

  10,050 shares     2,226  
 

Maximus, Inc.

  65,050 shares     3,629  
 

Mettler-Toledo International Inc.

  8,419 shares     3,524  
 

Middleby Corporation

  22,450 shares     2,892  
 

NU Skin Enterprises, Inc.

  17,837 shares     852  

 

19


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2016

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current
Value
(in thousands)
 
 

Old Dominion Freight Line, Inc.

  56,531 shares     4,850  
 

OM Asset Management plc

  85,950 shares     1,246  
 

Pandora Media, Inc.

  84,675 shares     1,104  
 

Repligen Corporation

  13,654 shares     421  
 

SBA Communications Corporation

  29,851 shares     3,082  
 

Signature Bank

  23,880 shares     3,587  
 

SiteOne Landscape Supply, Inc.

  37,370 shares     1,298  
 

Six Flags Entertainment Corporation

  75,559 shares     4,530  
 

Take-Two Interactive Software, Inc.

  43,110 shares     2,125  
 

The Toro Company

  39,176 shares     2,192  
 

Tractor Supply Company

  59,950 shares     4,545  
 

TransDigm Group Incorporated

  11,515 shares     2,867  
 

Ulta Salon, Cosmetics & Fragrance, Inc.

  10,120 shares     2,580  
 

Universal Electronics Inc.

  31,934 shares     2,061  
 

Vail Resorts, Inc.

  6,081 shares     981  
 

Vantiv, Inc.

  51,920 shares     3,095  
 

Veeva Systems Inc.

  72,400 shares     2,947  
 

Virtu Financial, Inc.

  56,279 shares     898  
 

Wabtec Corporation

  25,200 shares     2,092  
 

WD-40 Company

  19,480 shares     2,277  
 

WNS (Holdings) Limited—ADR

  55,215 shares     1,521  
     

 

 

 
        163,378  
  Common/Collective Trust Funds:    
 

Broad Market Bond I—

   
 

Wells Fargo Core Bond II CIT EF1

  23,122,756 shares     236,315  
 

Loomis Sayles Core Plus Fixed Income Fund D

  17,088,170 shares     236,329  

*

 

Fidelity Contrafund Commingled Pool

  105,084,289 shares     1,263,113  

*

 

Fidelity Growth Company Commingled Pool

  63,643,186 shares     878,912  

*

 

Fidelity Low-Priced Stock Commingled Pool

  47,835,661 shares     566,853  
 

Vanguard Target Retirement 2010 Trust Select

  1,144,522 shares     35,583  
 

Vanguard Target Retirement 2015 Trust Select

  2,607,239 shares     81,033  
 

Vanguard Target Retirement 2020 Trust Select

  11,760,454 shares     365,750  
 

Vanguard Target Retirement 2025 Trust Select

  12,056,417 shares     374,593  
 

Vanguard Target Retirement 2030 Trust Select

  14,529,043 shares     450,255  
 

Vanguard Target Retirement 2035 Trust Select

  11,436,655 shares     353,621  
 

Vanguard Target Retirement 2040 Trust Select

  9,968,428 shares     307,127  
 

Vanguard Target Retirement 2045 Trust Select

  5,186,208 shares     159,995  
 

Vanguard Target Retirement 2050 Trust Select

  3,337,029 shares     102,881  
 

Vanguard Target Retirement 2055 Trust Select

  1,819,049 shares     56,045  
 

Vanguard Target Retirement 2060 Trust Select

  764,382 shares     23,566  
 

Vanguard Target Retirement Income Trust Select

  2,286,525 shares     71,340  
     

 

 

 
 

Total investments, substantially all at fair value**

    $ 12,899,159  
     

 

 

 

*

  Notes Receivable from Participants   4.25% - 11.5%, maturing through 2027   $ 90,469  

 

* Indicates a party-in-interest to the Plan.
** All investments were stated at fair value as of December 31, 2016 with the exception of one underlying investment of the Galliard Stable Value Fund, which is stated at contract value.

Column (d), cost, has been omitted, as all investments are participant directed.

 

20


Table of Contents

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the persons who administer the employee benefit plan have duly caused this annual report to be signed on their behalf by the undersigned hereunto duly authorized.

 

   

ORACLE CORPORATION

401(k) SAVINGS AND INVESTMENT PLAN

Date: May 12, 2017     By:   /s/ PETER W. SHOTT
      Peter W. Shott
      Vice President of Human Resources

 

21


Table of Contents

INDEX TO EXHIBITS

 

Exhibit
Number

  

Exhibit Title

23.01    Consent of Sensiba San Filippo LLP, Independent Registered Public Accounting Firm

 

22