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ADOBE INC. — Director's Dealing 2013
Jan 28, 2013
29815_dirs_2013-01-28_080d5c54-6050-4b0c-9460-ab1377f44934.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: 2013-01-24
Reporting Person: DILLON MICHAEL A (SVP, Gen. Counsel & Secretary)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-01-24 | Performance Shares | $0 | A | 50000 | Acquired | Common Stock (50000) | Direct | |
| 2013-01-24 | Restricted Stock Units | $0 | A | 25000 | Acquired | Common Stock (25000) | Direct |
Footnotes
F1: Represents the maximum number of Performance Shares that will be earned, if at all, based on the achievement of a pre-established performance goal during the three-year performance period. Each Performance Share represents a contingent right to receive one share of ADBE common stock. The maximum number represents 200% of the target payout of 25,000 shares.
F2: The Performance Share will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2013 grant date, if the performance goal is achieved.
F3: Vests at a rate of 50% annually on the first and second anniversaries of the January 24, 2013 grant date.