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ADOBE INC. — Director's Dealing 2010
May 17, 2010
29815_dirs_2010-05-17_6f0c05f3-16b7-413c-930d-3c41f02df89d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2010-05-15
Reporting Person: TARKOFF ROBERT M (SVP&GM, Business Productivity)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-05-15 | Common Stock | M | 3750 | $00.00 | Acquired | 20642 | Direct |
| 2010-05-15 | Common Stock | F | 1375 | $33.72 | Disposed | 19267 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-05-15 | Performance Shares | $0 | M | 3750 | Disposed | Common Stock (3750) | Direct |
Footnotes
F1: Shares surrendered to pay tax liability due at vesting of Performance Share Units. Shares were calculated using the closing price on May 14, 2010 as the 2010 vesting date was Saturday, May 15, 2010.
F2: Represents the number of shares acquired upon vesting of 25% of the Performance Share Units earned under the participant's 2007 Performance Share award. The participant earned 200% of the target award based on the achievement of certain pre-established performance goals during the 2007 fiscal year. The remaining Performance Share Units will vest on the fourth anniversary of the initial vest date.