Filing Details

Accession Number:
0000796343-15-000030
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-01-28 17:28:09
Reporting Period:
2015-01-24
Filing Date:
2015-01-28
Accepted Time:
2015-01-28 17:28:09
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 2015-01-24 12,500 $0.00 30,299 No 4 M Direct
Common Stock Disposition 2015-01-24 4,767 $74.06 25,532 No 4 F Direct
Common Stock Acquisiton 2015-01-24 6,334 $0.00 31,866 No 4 M Direct
Common Stock Disposition 2015-01-24 3,158 $74.06 28,708 No 4 F Direct
Common Stock Disposition 2015-01-26 4,455 $72.23 24,253 No 4 S Direct
Common Stock Disposition 2015-01-26 1,000 $72.88 23,253 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 S 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 2015-01-24 12,500 $0.00 12,500 $0.00
Common Stock Restricted Stock Units Disposition 2015-01-24 6,334 $0.00 6,334 $0.00
Common Stock Performance Shares Acquisiton 2015-01-26 34,400 $0.00 34,400 $0.00
Common Stock Restricted Stock Units Acquisiton 2015-01-26 17,200 $0.00 17,200 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
12,666 No 4 M Direct
34,400 No 5 A Direct
17,200 No 4 A Direct
Footnotes
  1. Shares surrendered to pay tax liability due at vesting of Restricted Stock Units.
  2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person July 16, 2014.
  3. This transaction was executed in multiple trades at prices ranging from $71.85 to $72.8. 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 $72.87 to $72.905. 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. Vests at a rate of 50% annually on the first and second anniversaries of the January 24, 2013 grant date. This Restricted Stock Unit award vested in full on January 24, 2015.
  6. RSU award granted on January 24, 2014 vests at a rate of 1/3 annually on the first, second and third anniversaries of the grant date. The remaining units will vest on January 24, 2016 as to 6,333 shares and January 24, 2017 as to the remaining 6,333 shares.
  7. 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 17,200 shares.
  8. The Performance Shares will vest in full upon the certification of performance goal achievement on or after January 24, 2018, if the performance goal is achieved and the holder continues to provide services to the Company on such date.
  9. Vests 1/3 on each of January 24, 2016, January 24, 2017 and January 24, 2018.