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ADOBE INC. — Director's Dealing 2016
Jan 27, 2016
29815_dirs_2016-01-27_ec591401-8684-413c-ad0f-3f7e1726f4f0.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: Rencher Bradley (EVP & GM, Digital Marketing)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-01-24 | Common Stock | M | 11250 | — | Acquired | 36753 | Direct |
| 2016-01-24 | Common Stock | F | 3701 | $89.63 | Disposed | 33052 | Direct |
| 2016-01-24 | Common Stock | M | 79200 | — | Acquired | 112252 | Direct |
| 2016-01-24 | Common Stock | F | 37184 | $89.63 | Disposed | 75068 | Direct |
| 2016-01-24 | Common Stock | M | 9150 | — | Acquired | 84218 | Direct |
| 2016-01-24 | Common Stock | F | 4295 | $89.63 | Disposed | 79923 | Direct |
| 2016-01-24 | Common Stock | M | 8600 | — | Acquired | 88523 | Direct |
| 2016-01-24 | Common Stock | F | 4037 | $89.63 | Disposed | 84486 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-01-24 | Restricted Stock Units | $0.0 | M | 11250 | Disposed | Common Stock (11250.0) | Direct | |
| 2016-01-24 | Performance Shares | $0.0 | M | 79200 | Disposed | Common Stock (79200.0) | Direct | |
| 2016-01-24 | Restricted Stock Units | $0.0 | M | 9150 | Disposed | Common Stock (9150.0) | Direct | |
| 2016-01-24 | Restricted Stock Unit | $0.0 | M | 8600 | Disposed | Common Stock (8600.0) | Direct | |
| 2016-01-25 | Performance Shares | $0.0 | A | 51710 | Acquired | Common Stock (51710.0) | Direct | |
| 2016-01-25 | Restricted Stock Units | $0.0 | A | 25855 | Acquired | Common Stock (25855.0) | 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.