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ADOBE INC. — Director's Dealing 2011
May 17, 2011
29815_dirs_2011-05-17_cf6de673-379e-4d07-90dd-aadb19333eb8.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: 2011-05-15
Reporting Person: TARKOFF ROBERT M (SVP&GM, DESBU)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-05-15 | Common Stock | M | 3750 | $00.00 | Acquired | 39051 | Direct |
| 2011-05-15 | Common Stock | F | 1750 | $35.33 | Disposed | 37301 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-05-15 | 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 13, 2011 as the 2011 vesting date was Sunday, May 15, 2011.
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. This Performance Share award vested in full on May 15, 2011.