Filing Details

Accession Number:
0001179110-13-001311
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-01-28 21:33:22
Reporting Period:
2013-01-24
Filing Date:
2013-01-28
Accepted Time:
2013-01-28 21:33:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
796343 Adobe Systems Inc ADBE Services-Prepackaged Software (7372) 770019522
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1267573 Matthew Thompson Adobe Systems Incorporated
345 Park Avenue
San Jose CA 95110
Evp Ww Field Operations No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-01-24 24,168 $0.00 64,313 No 4 M Direct
Common Stock Disposition 2013-01-24 11,408 $38.10 52,905 No 4 F Direct
Common Stock Acquisiton 2013-01-24 15,625 $0.00 68,530 No 4 M Direct
Common Stock Disposition 2013-01-24 8,153 $38.10 60,377 No 4 F Direct
Common Stock Acquisiton 2013-01-24 11,267 $0.00 71,644 No 4 M Direct
Common Stock Disposition 2013-01-24 4,362 $38.10 67,282 No 4 F Direct
Common Stock Acquisiton 2013-01-24 6,750 $0.00 74,032 No 4 M Direct
Common Stock Disposition 2013-01-24 2,536 $38.10 71,496 No 4 F Direct
Common Stock Acquisiton 2013-01-25 6,300 $0.00 77,796 No 4 M Direct
Common Stock Disposition 2013-01-25 3,287 $38.32 74,509 No 4 F Direct
Common Stock Acquisiton 2013-01-25 3,750 $0.00 78,259 No 4 M Direct
Common Stock Disposition 2013-01-25 1,956 $38.32 76,303 No 4 F Direct
Common Stock Acquisiton 2013-01-25 12,500 $0.00 88,803 No 4 M Direct
Common Stock Disposition 2013-01-25 6,522 $38.32 82,281 No 4 F Direct
Common Stock Disposition 2013-01-25 31,350 $38.36 50,931 No 4 S Direct
Common Stock Acquisiton 2013-01-26 4,125 $0.00 55,056 No 4 M Direct
Common Stock Disposition 2013-01-26 2,152 $38.32 52,904 No 4 F Direct
Common Stock Disposition 2013-01-28 12,759 $38.14 40,145 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 M Direct
No 4 F Direct
No 4 M Direct
No 4 F Direct
No 4 M Direct
No 4 F Direct
No 4 M Direct
No 4 F Direct
No 4 M Direct
No 4 F Direct
No 4 M Direct
No 4 F Direct
No 4 S Direct
No 4 M Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Performance Shares Disposition 2013-01-24 24,168 $0.00 24,168 $0.00
Common Stock Restricted Stock Units Disposition 2013-01-24 15,625 $0.00 15,625 $0.00
Common Stock Performance Shares Disposition 2013-01-24 11,267 $0.00 11,267 $0.00
Common Stock Restricted Stock Units Disposition 2013-01-24 6,750 $0.00 6,750 $0.00
Common Stock Performance Shares Disposition 2013-01-25 6,300 $0.00 6,300 $0.00
Common Stock Restricted Stock Units Disposition 2013-01-25 3,750 $0.00 3,750 $0.00
Common Stock Restricted Stock Units Disposition 2013-01-25 12,500 $0.00 12,500 $0.00
Common Stock Restricted Stock Units Disposition 2013-01-26 4,125 $0.00 4,125 $0.00
Common Stock Performance Shares Acquisiton 2013-01-24 110,000 $0.00 110,000 $0.00
Common Stock Restricted Stock Units Acquisiton 2013-01-24 55,000 $0.00 55,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
48,332 No 4 M Direct
46,875 No 4 M Direct
11,266 No 4 M Direct
13,500 No 4 M Direct
0 No 4 M Direct
3,750 No 4 M Direct
12,500 No 4 M Direct
0 No 4 M Direct
110,000 No 5 A Direct
55,000 No 4 A Direct
Footnotes
  1. Shares surrendered to pay tax liability due at vesting of Performance Shares.
  2. Shares surrendered to pay tax liability due at vesting of Restricted Stock Units.
  3. This transaction was executed in multiple trades at prices ranging from $38.350 to $38.395. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
  4. This transaction was executed in multiple trades at prices ranging from $38.1300 to $38.1625. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
  5. Represents the number of shares acquired upon vesting of 1/3 of the Performance Shares earned by the participant in connection with the Performance Share award filed January 26, 2012. The participant earned 116% of the target award based on the achievement of certain pre-established performance goals during the 2012 fiscal year. The remaining Performance Shares will vest as to 1/3 of the full earned amount on each of the second and third anniversary of the January 24, 2012 grant date.
  6. 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. The remaining units will vest on January 24, 2014 as to 15,625 shares, January 24, 2015 as to 15,625 shares and January 24, 2016 as to the remaining 15,625 shares.
  7. Represents the number of shares acquired upon vesting of 1/3 of the Performance Shares earned by the participant in connection with the Performance Share award filed January 26, 2011. The participant earned 130% of the target award based on the achievement of certain pre-established performance goals during the 2011 fiscal year. The remaining Performance Shares will vest as to 1/3 of the full earned amount on the third anniversary of the January 24, 2011 grant date.
  8. RSU award granted on January 24, 2011 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 January 24, 2014 as to 6,750 shares and January 24, 2015 as to the remaining 6,750 shares.
  9. Represents the number of shares acquired upon vesting of 1/3 of the Performance Shares earned by the participant in connection with the Performance Share award filed January 26, 2010. The participant earned 135% of the target award based on the achievement of certain pre-established performance goals during the 2010 fiscal year. This Performance Share award vested in full on the third anniversary of the January 25, 2010 grant date.
  10. RSU award granted on January 25, 2010 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 January 25, 2014 as to the remaining 3,750 shares.
  11. RSU award granted on January 25, 2010 vests at a rate of 50% on the second anniversary of the grant date, and then 25% annually on the third and fourth anniversaries of the grant date. The remaining units will vest on January 25, 2014 as to 12,500 shares.
  12. RSU award granted on January 26, 2009 vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the grant date. This Restricted Stock Unit award vested in full on January 26, 2013.
  13. 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 55,000 shares.
  14. The Performance Shares 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.
  15. Vests at a rate of 50% annually on the first and second anniversaries of the January 24, 2013 grant date.