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ADOBE INC. — Director's Dealing 2011
Aug 29, 2011
29815_dirs_2011-08-29_524e7d98-a4b0-472b-8844-27c89edb40c5.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: 2011-08-18
Reporting Person: Rencher Bradley (SVP)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 18241 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $18.38 | 2019-02-26 | Common Stock (5563) | Direct | |
| Stock Option (right to buy) | $22.13 | 2019-07-30 | Common Stock (18545) | Direct | |
| Stock Option (right to buy) | $21.02 | 2014-06-15 | Common Stock (27964) | Direct | |
| Stock Option (right to buy) | $36.81 | 2016-11-16 | Common Stock (50000) | Direct | |
| Stock Option (right to buy) | $34.03 | 2018-01-24 | Common Stock (49000) | Direct | |
| Stock Option (right to buy) | $34.16 | 2017-01-25 | Common Stock (23400) | Direct | |
| Restricted Stock Units | $00.00 | Common Stock (1079) | Direct | ||
| Restricted Stock Units | $00.00 | Common Stock (2511) | Direct | ||
| Restricted Stock Units | $00.00 | Common Stock (7727) | Direct | ||
| Restricted Stock Units | $00.00 | Common Stock (12506) | Direct | ||
| Restricted Stock Units | $00.00 | Common Stock (12300) | Direct | ||
| Restricted Stock Units | $00.00 | Common Stock (22500) | Direct | ||
| Restricted Stock Units | $00.00 | Common Stock (17000) | Direct | ||
| Performance Shares | $00.00 | Common Stock (24000) | Direct |
Footnotes
F1: Vests at a rate of 25% on February 27, 2010, and 2.08% per month for 36 months thereafter.
F2: Vests at a rate of 25% on July 31, 2010, and 2.08% per month for 36 months thereafter.
F3: Vests in equal amounts each month over a 42-month period beginning on June 15, 2009.
F4: Vests at a rate of 25% on November 16, 2010, and 2.08% per month for 36 months thereafter.
F5: Vests at a rate of 2.08% per month for 48 months following the January 24, 2011 grant date.
F6: Vests at a rate of 2.08% per month for 48 months following the January 25, 2010 grant date.
F7: Vests at a rate of 25% on the one-year anniversary of the February 15, 2009 vesting start date, and 6.25% per quarter thereafter. The remaining units will vest on November 15, 2011 as to 155 shares with the remaining shares vesting in equal installments of 154 shares on February 15, 2012, May 15, 2012, August 15, 2012, November 15, 2012, February 15, 2013 and May 15, 2013.
F8: Vests at a rate of 25% on the one-year anniversary of the February 15, 2008 vesting start date, and 6.25% per quarter thereafter. The remaining units will vest on November 15, 2011 as to 1,255 shares and February 15, 2012 as to 1,256 shares.
F9: Vests at a rate of 25% on the one-year anniversary of the August 15, 2009 vesting start date, and 6.25% per quarter thereafter. The remaining units will vest on November 15, 2011 as to 966 shares, February 15, 2012 as to 966 shares, May 15, 2012 as to 966 shares, August 15, 2012 as to 966 shares, November 15, 2012 as to 966 shares, February 15, 2013 as to 966 shares, May 15, 2013 as to 965 shares and August 15, 2013 as to the remaining 966 shares.
F10: Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the November 15, 2009 vesting commencement date. The remaining units will vest on November 15, 2011 as to 4,169 shares, November 15, 2012 as to 4,169 shares and November 15, 2013 as to the remaining 4,168 shares.
F11: Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the January 25, 2010 grant date. The remaining units will vest in equal installments on January 25, 2012, January 25, 2013 and January 25, 2014.
F12: Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the August 15, 2010 vesting commencement date. The remaining units will vest in equal installments on August 15, 2012, August 15, 2013 and August 15, 2014.
F13: Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the January 24, 2011 grant date.
F14: Vesting of the Performance Share Units will be 1/3 upon the later of (i) the certification date of performance goal achievement and (ii) the one-year anniversary of the January 24, 2011 grant date, with the remaining Units vesting 1/3 annually on the second and third anniversary of the grant date if the initial performance goals are achieved.
F15: Represents the maximum number of Performance Shares that will be earned, if at all, based on the achievement of certain pre-established performance goals during the 2011 fiscal year. Each Performance Share Unit represents a contingent right to receive one share of ADBE common stock. The maximum number represents 150% of the target payout of 16,000 shares.