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ADOBE INC. Director's Dealing 2010

Jun 24, 2010

29815_dirs_2010-06-24_7d16406b-88c7-4e96-b9b4-13d733fed40e.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2010-06-22

Reporting Person: Wadhwani David (SVP, Creative & Interactive)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1526 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $34.16 2017-01-25 Common Stock (28650) Direct
Stock Option (right to buy) $19.93 2016-01-26 Common Stock (38000) Direct
Stock Option (right to buy) $35.75 2015-04-15 Common Stock (9000) Direct
Stock Option (right to buy) $34.64 2015-01-24 Common Stock (30000) Direct
Stock Option (right to buy) $39.69 2014-01-24 Common Stock (25000) Direct
Stock Option (right to buy) $30.79 2013-06-22 Common Stock (35000) Direct
Stock Option (right to buy) $25.41 2015-02-11 Common Stock (20699) Direct
Restricted Stock Units $0 Common Stock (13950) Direct
Restricted Stock Units $0 Common Stock (30000) Direct
Restricted Stock Units $0 Common Stock (5874) Direct
Performance Shares $0 Common Stock (1860) Direct
Performance Shares $0 Common Stock (6200) Direct
Performance Shares $0 Common Stock (1389) Direct

Footnotes

F1: Vests at a rate of 2.08% per month for 48 months.

F2: Options are fully vested and exercisable.

F3: Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the January 25, 2010 grant date.

F4: Vests at a rate of 50% on December 15, 2011, the initial vest date, and then 25% annually on the first and second anniversary of the initial vest date.

F5: Vests at a rate of 25% annually on the first, second, third, and fourth anniversary of the January 26, 2009 grant date. The remaining units will vest in equal installments on January 26, 2011, January 26, 2012 and January 26, 2013.

F6: Vests at a rate of 25% annually on the first, second, third, and fourth anniversary of the April 15, 2008 vesting commencement date. The remaining units will vest in equal installments on April 15, 2011 and April 15, 2012.

F7: Vests at a rate of 25% annually on the first, second, third, and fourth anniversary of the January 24, 2008 grant date. The remaining units will vest in equal installments on January 24, 2011 and January 24, 2012.

F8: Vests at a rate of 25% annually on the first, second, third, and fourth anniversary of the January 24, 2007 grant date. The remaining units will vest on January 24, 2011.