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Filing Details

Accession Number:: 0000796343-16-000242
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-01-27 16:42:06
Reporting Period:: 2016-01-24

Filing Date:: 2016-01-27
Accepted Time:: 2016-01-27 16:42:06
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	2016-01-24	39,375	$0.00	315,978	No	4	M	Indirect	by trust
Common Stock	Disposition	2016-01-24	20,545	$89.63	295,433	No	4	F	Indirect	by trust
Common Stock	Acquisiton	2016-01-24	311,850	$0.00	607,283	No	4	M	Indirect	by trust
Common Stock	Disposition	2016-01-24	162,723	$89.63	444,560	No	4	F	Indirect	by trust
Common Stock	Acquisiton	2016-01-24	42,183	$0.00	486,743	No	4	M	Indirect	by trust
Common Stock	Disposition	2016-01-24	22,011	$89.63	464,732	No	4	F	Indirect	by trust
Common Stock	Acquisiton	2016-01-24	37,834	$0.00	502,566	No	4	M	Indirect	by trust
Common Stock	Disposition	2016-01-24	19,741	$89.63	482,825	No	4	F	Indirect	by trust
Common Stock	Disposition	2016-01-26	30,669	$86.32	452,156	No	4	S	Indirect	by trust
Common Stock	Disposition	2016-01-26	153,184	$86.93	298,972	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	S	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	Restricted Stock Units	Disposition	2016-01-24	39,375	$0.00	39,375	$0.00
Common Stock	Performance Shares	Disposition	2016-01-24	311,850	$0.00	311,850	$0.00
Common Stock	Restricted Stock Units	Disposition	2016-01-24	42,183	$0.00	42,183	$0.00
Common Stock	Restricted Stock Units	Disposition	2016-01-24	37,834	$0.00	37,834	$0.00
Common Stock	Performance Shares	Acquisiton	2016-01-25	195,930	$0.00	195,930	$0.00
Common Stock	Restricted Stock Unit	Acquisiton	2016-01-25	97,965	$0.00	97,965	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	No	4	M	Direct
0	No	4	M	Direct
42,183	No	4	M	Direct
75,666	No	4	M	Direct
195,930	No	4	A	Direct
97,965	No	4	A	Direct

Footnotes

Shares held by The Narayen Family Trust, dtd 11/30/00, of which the reporting person is a trustee.
Shares surrendered to pay tax liability due at vesting.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person March 19, 2015.
This transaction was executed in multiple trades at prices ranging from $85.56 to $86.555. 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.
This transaction was executed in multiple trades at prices ranging from $86.56 to $87.54. 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.
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 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.
Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 grant date.
Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.
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.
Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.