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ADOBE INC. — Director's Dealing 2011
Jan 12, 2011
29815_dirs_2011-01-12_22c4eb19-1a3e-4172-8091-ba616317cefa.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: 2011-01-12
Reporting Person: COTTLE KAREN O (SVP, Gen. Counsel & Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-01-12 | Common Stock | M | 18563 | $19.9300 | Acquired | 75213 | Direct |
| 2011-01-12 | Common Stock | S | 18563 | $33.5059 | Disposed | 56650 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-01-12 | Stock Option (right to buy) | $19.9300 | M | 18563 | Disposed | 2016-01-26 | Common Stock (18563) | Direct |
Footnotes
F1: Includes 1086 shares acquired on June 30, 2010 pursuant to Adobe's 1997 Employee Stock Purchase Plan.
F2: This transaction was executed in multiple trades at prices ranging from $33.500 to $33.555. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F3: Vests at a rate of 2.08% per month for 48 months.