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ADOBE INC. — Director's Dealing 2016
Jan 27, 2016
29815_dirs_2016-01-27_ebedddf2-3773-4d1e-9218-fc92afc59563.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: 2016-01-24
Reporting Person: Lewnes Ann (EVP, Chief Marketing Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-01-24 | Common Stock | M | 9375 | — | Acquired | 39780 | Direct |
| 2016-01-24 | Common Stock | F | 3581 | $89.63 | Disposed | 36199 | Direct |
| 2016-01-24 | Common Stock | M | 54450 | — | Acquired | 90649 | Direct |
| 2016-01-24 | Common Stock | F | 28151 | $89.63 | Disposed | 62498 | Direct |
| 2016-01-24 | Common Stock | M | 6333 | — | Acquired | 68831 | Direct |
| 2016-01-24 | Common Stock | F | 3304 | $89.63 | Disposed | 65527 | Direct |
| 2016-01-24 | Common Stock | M | 6317 | — | Acquired | 71844 | Direct |
| 2016-01-24 | Common Stock | F | 3296 | $89.63 | Disposed | 68548 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-01-24 | Restricted Stock Units | $0.0 | M | 9375 | Disposed | Common Stock (9375.0) | Direct | |
| 2016-01-24 | Performance Shares | $0.0 | M | 54450 | Disposed | Common Stock (54450.0) | Direct | |
| 2016-01-24 | Restricted Stock Units | $0.0 | M | 6333 | Disposed | Common Stock (6333.0) | Direct | |
| 2016-01-24 | Restricted Stock Units | $0.0 | M | 6317 | Disposed | Common Stock (6317.0) | Direct | |
| 2016-01-25 | Performance Shares | $0.0 | A | 38100 | Acquired | Common Stock (38100.0) | Direct | |
| 2016-01-25 | Restricted Stock Units | $0.0 | A | 19050 | Acquired | Common Stock (19050.0) | Direct |
Footnotes
F1: Shares surrendered to pay tax liability due at vesting.
F2: RSU award granted on January 24, 2012 vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the grant date.
F3: The Performance Shares vested in full upon the certification of performance goal achievement at 198% following the three-year anniversary of the January 24, 2013 grant date.
F4: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 grant date.
F5: Vests 1/3 on each of January 24, 2016, January 24, 2017 and January 24, 2018.
F6: The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2016 vesting commencement date, if the performance goal is achieved.
F7: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.