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Filing Details

Accession Number:: 0001179110-14-001440
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-01-28 16:19:19
Reporting Period:: 2014-01-24

Filing Date:: 2014-01-28
Accepted Time:: 2014-01-28 16:19:19
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
1224154	Shantanu Narayen	Adobe Systems Incorporated 345 Park Avenue San Jose CA 95110	President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2014-01-24	60,900	$0.00	292,572	No	4	M	Indirect	by trust
Common Stock	Disposition	2014-01-24	31,777	$59.09	260,795	No	4	F	Indirect	by trust
Common Stock	Acquisiton	2014-01-24	39,375	$0.00	300,170	No	4	M	Indirect	by trust
Common Stock	Disposition	2014-01-24	20,545	$59.09	279,625	No	4	F	Indirect	by trust
Common Stock	Acquisiton	2014-01-24	39,433	$0.00	319,058	No	4	M	Indirect	by trust
Common Stock	Disposition	2014-01-24	20,576	$59.09	298,482	No	4	F	Indirect	by trust
Common Stock	Acquisiton	2014-01-24	23,500	$0.00	321,982	No	4	M	Indirect	by trust
Common Stock	Disposition	2014-01-24	12,262	$59.09	309,720	No	4	F	Indirect	by trust
Common Stock	Acquisiton	2014-01-24	78,750	$0.00	388,470	No	4	M	Indirect	by trust
Common Stock	Disposition	2014-01-24	41,091	$59.09	347,379	No	4	F	Indirect	by trust
Common Stock	Acquisiton	2014-01-25	23,750	$0.00	371,129	No	4	M	Indirect	by trust
Common Stock	Disposition	2014-01-25	12,392	$59.09	358,737	No	4	F	Indirect	by trust
Common Stock	Disposition	2014-01-27	100,000	$58.43	258,737	No	4	S	Indirect	by trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Indirect	by trust
No	4	F	Indirect	by trust
No	4	M	Indirect	by trust
No	4	F	Indirect	by trust
No	4	M	Indirect	by trust
No	4	F	Indirect	by trust
No	4	M	Indirect	by trust
No	4	F	Indirect	by trust
No	4	M	Indirect	by trust
No	4	F	Indirect	by trust
No	4	M	Indirect	by trust
No	4	F	Indirect	by trust
No	4	S	Indirect	by trust

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance Shares	Disposition	2014-01-24	60,900	$0.00	60,900	$0.00
Common Stock	Restricted Stock Units	Disposition	2014-01-24	39,375	$0.00	39,375	$0.00
Common Stock	Performance Shares	Disposition	2014-01-24	39,433	$0.00	39,433	$0.00
Common Stock	Restricted Stock Units	Disposition	2014-01-24	23,500	$0.00	23,500	$0.00
Common Stock	Restricted Stock Units	Disposition	2014-01-24	78,750	$0.00	78,750	$0.00
Common Stock	Restricted Stock Units	Disposition	2014-01-25	23,750	$0.00	23,750	$0.00
Common Stock	Performance Shares	Acquisiton	2014-01-24	253,100	$0.00	253,100	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2014-01-24	126,550	$0.00	126,550	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
60,900	No	4	M	Direct
78,750	No	4	M	Direct
0	No	4	M	Direct
23,500	No	4	M	Direct
78,750	No	4	M	Direct
0	No	4	M	Direct
253,100	No	5	A	Direct
126,550	No	4	A	Direct

Footnotes

Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
Shares surrendered to pay tax liability due at vesting of Performance Shares.
Shares surrendered to pay tax liability due at vesting of Restricted Stock Units.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person April 9, 2013.
This transaction was executed in multiple trades at prices ranging from $58.11 to $58.61. 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.
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 the third anniversary of the January 24, 2012 grant date.
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, 2015 as to 39,375 shares and January 24, 2016 as to the remaining 39,375 shares.
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. This Performance Share award vested in full on the third anniversary of the January 24, 2011 grant date.
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, 2015 as to the remaining 23,500 shares.
Vests at a rate of 50% annually on the first and second anniversaries of the January 24, 2013 grant date. The remaining units will vest on January 24, 2015 as to the remaining 78,750 shares.
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. This Restricted Stock Unit award vested in full on January 25, 2014.
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 126,550 shares.
The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2014 grant date, if the performance goal is achieved.
Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 grant date.