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ADOBE INC. — Director's Dealing 2012
Apr 16, 2012
29815_dirs_2012-04-16_89f1252f-51c7-40a4-a5e8-fb1b140253d3.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: 2012-04-15
Reporting Person: Wadhwani David (SVP, Digital Media BU)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-04-15 | Common Stock | M | 930 | $00.00 | Acquired | 11890 | Direct |
| 2012-04-15 | Common Stock | F | 434 | $33.18 | Disposed | 11456 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-04-15 | Performance Shares | $0 | M | 930 | Disposed | Common Stock (930) | Direct |
Footnotes
F1: Shares surrendered to pay tax liability due at vesting of Performance Share Units. Shares were calculated using the closing price on April 13, 2012 as the 2012 vesting date was Sunday, April 15, 2012.
F2: 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 June 24, 2010. The participant earned 124% of the target award based on the achievement of certain pre-established performance goals during the 2008 fiscal year. This Performance Share award vested in full on the fourth anniversary of the April 15, 2008 vesting commencement date.