Filing Details
- Accession Number:
- 0001179110-14-001450
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-01-28 16:34:50
- Reporting Period:
- 2014-01-24
- Filing Date:
- 2014-01-28
- Accepted Time:
- 2014-01-28 16:34:50
- 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 |
|---|---|---|---|---|---|---|---|
| 1286371 | A Michael Dillon | Adobe Systems Incorporated 345 Park Avenue San Jose CA 95110 | Svp, Gen. Counsel & Secretary | 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 | 2014-01-24 | 12,500 | $0.00 | 19,215 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2014-01-24 | 4,785 | $59.09 | 14,430 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2014-01-27 | 3,858 | $58.11 | 10,572 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | Restricted Stock Units | Disposition | 2014-01-24 | 12,500 | $0.00 | 12,500 | $0.00 |
| Common Stock | Performance Shares | Acquisiton | 2014-01-24 | 38,000 | $0.00 | 38,000 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2014-01-24 | 19,000 | $0.00 | 19,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 12,500 | No | 4 | M | Direct | ||
| 38,000 | No | 5 | A | Direct | ||
| 19,000 | No | 4 | A | Direct |
Footnotes
- 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 October 31, 2013.
- 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 12,500 shares.
- 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 19,000 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.
Billionaire Hedge Funds
