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ADOBE INC. — Director's Dealing 2014
Aug 25, 2014
29815_dirs_2014-08-25_4c938b6b-9b64-42f1-a172-fa1b3b54ed28.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: 2014-08-23
Reporting Person: DILLON MICHAEL A (SVP, Gen. Counsel & Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-08-23 | Common Stock | M | 27500 | — | Acquired | 38724 | Direct |
| 2014-08-23 | Common Stock | F | 14349 | $72.04 | Disposed | 24375 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-08-23 | Restricted Stock Units | $0.0 | M | 27500 | Disposed | Common Stock (27500.0) | Direct |
Footnotes
F1: Includes 652 shares acquired on June 30, 2014 pursuant to Adobe's 1997 Employee Stock Purchase Plan, as amended.
F2: Shares surrendered to pay tax liability due at vesting of Restricted Stock Units. Shares were calculated using the closing price on August 22, 2014 as the 2014 vesting date was Saturday, August 23, 2014.
F3: RSU award granted on August 23, 2012 vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the grant date. The remaining units will vest on August 23, 2015 as to 27,500 shares and August 23, 2016 as to the remaining 27,500 shares.