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ADOBE INC. — Director's Dealing 2011
Feb 7, 2011
29815_dirs_2011-02-07_cd2d5a8b-cc25-4a13-8e87-53e0ebabee06.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: 2011-02-07
Reporting Person: GARRETT MARK (EVP, CFO & Asst. Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-07 | Common Stock | M | 3750 | $00.00 | Acquired | 58759 | Indirect |
| 2011-02-07 | Common Stock | F | 1375 | $33.56 | Disposed | 57384 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-02-07 | Performance Shares | $0 | M | 3750 | Disposed | Common Stock (3750) | Direct |
Footnotes
F1: Shares held by the Garrett Living Trust, dtd 11/15/91 of which reporting person is a trustee.
F2: Shares surrendered to pay tax liability due at vesting of Performance Share Units.
F3: Represents the number of shares acquired upon vesting of 25% of the Performance Share Units earned by the participant in connection with the Performance Share award filed February 16, 2007. The participant earned 200% of the target award based on the achievement of certain pre-established performance goals during the 2007 fiscal year. This Performance Share award vested in full on February 7, 2011.