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ADOBE INC. — Director's Dealing 2011
Jan 26, 2011
29815_dirs_2011-01-26_bd4dc2da-73b8-4f7f-9cac-29dd221bdd1a.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: 2011-01-24
Reporting Person: ROWLEY RICHARD (VP, Corp. Controller & PAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-01-24 | Common Stock | M | 2083 | $00.00 | Acquired | 16275 | Direct |
| 2011-01-24 | Common Stock | F | 876 | $34.03 | Disposed | 15399 | Direct |
| 2011-01-24 | Common Stock | M | 2583 | $00.00 | Acquired | 17982 | Direct |
| 2011-01-24 | Common Stock | F | 978 | $34.03 | Disposed | 17004 | Direct |
| 2011-01-25 | Common Stock | M | 2750 | $00.00 | Acquired | 19754 | Direct |
| 2011-01-25 | Common Stock | F | 1008 | $33.56 | Disposed | 18746 | Direct |
| 2011-01-26 | Common Stock | M | 1266 | $00.00 | Acquired | 20012 | Direct |
| 2011-01-26 | Common Stock | F | 464 | $33.52 | Disposed | 19548 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-01-24 | Performance Shares | $0 | M | 2083 | Disposed | Common Stock (2083) | Direct | |
| 2011-01-24 | Performance Shares | $0 | M | 2583 | Disposed | Common Stock (2583) | Direct | |
| 2011-01-25 | Restricted Stock Units | $0 | M | 2750 | Disposed | Common Stock (2750) | Direct | |
| 2011-01-26 | Restricted Stock Units | $0 | M | 1266 | Disposed | Common Stock (1266) | Direct | |
| 2011-01-24 | Stock Option (right to buy) | $34.03 | A | 29000 | Acquired | 2018-01-24 | Common Stock (29000) | Direct |
| 2011-01-24 | Restricted Stock Units | $0 | A | 14000 | Acquired | Common Stock (14000) | Direct |
Footnotes
F1: Shares surrendered to pay tax liability due at vesting of Performance Share Units.
F2: Shares surrendered to pay tax liability due at vesting of Restricted Stock 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 January 26, 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 January 24, 2011.
F4: 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 January 28, 2008. The participant earned 124% of the target award based on the achievement of certain pre-established performance goals during the 2008 fiscal year. The remaining Performance Share Units will vest on the fourth anniversary of the grant date.
F5: The remaining Restricted Stock Units will vest in equal installments on the second, third and fourth anniversary of the grant date.
F6: The remaining Restricted Stock Units will vest in equal installments on the third and fourth anniversary of the grant date.
F7: Vests at a rate of 2.08% per month for 48 months.
F8: Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the grant date.