-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q84lC1JsP2Yjbq00FsuTrZxlXrcMVjYU6uU0dTNAxifj+WPeWL2/aY6wxRhd+nxd o58QoMrrCWfrvMLK09PmeQ== 0001179110-11-001374.txt : 20110126 0001179110-11-001374.hdr.sgml : 20110126 20110126212801 ACCESSION NUMBER: 0001179110-11-001374 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110124 FILED AS OF DATE: 20110126 DATE AS OF CHANGE: 20110126 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: NARAYEN SHANTANU CENTRAL INDEX KEY: 0001224154 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15175 FILM NUMBER: 11550494 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: SAN JOSE STATE: CA ZIP: 95110 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ADOBE SYSTEMS INC CENTRAL INDEX KEY: 0000796343 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 770019522 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 BUSINESS ADDRESS: STREET 1: 345 PARK AVE CITY: SAN JOSE STATE: CA ZIP: 95110-2704 BUSINESS PHONE: 4085366000 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: SAN JOSE STATE: CA ZIP: 95110-2704 4 1 edgar.xml FORM 4 - X0303 4 2011-01-24 0 0000796343 ADOBE SYSTEMS INC ADBE 0001224154 NARAYEN SHANTANU ADOBE SYSTEMS INCORPORATED 345 PARK AVENUE SAN JOSE CA 95110 1 1 0 0 President and CEO Common Stock 2011-01-24 4 M 0 12500 00.00 A 209790 I by trust Common Stock 2011-01-24 4 F 0 4690 34.03 D 205100 I by trust Common Stock 2011-01-24 4 M 0 26660 00.00 A 231760 I by trust Common Stock 2011-01-24 4 F 0 9778 34.03 D 221982 I by trust Common Stock 2011-01-25 4 M 0 42750 00.00 A 264732 I by trust Common Stock 2011-01-25 4 F 0 15680 33.56 D 249052 I by trust Common Stock 2011-01-25 4 M 0 23750 00.00 A 272802 I by trust Common Stock 2011-01-25 4 F 0 8711 33.56 D 264091 I by trust Common Stock 2011-01-26 4 M 0 11888 00.00 A 275979 I by trust Common Stock 2011-01-26 4 F 0 4360 33.52 D 271619 I by trust Performance Shares 0 2011-01-24 4 M 0 12500 0 D Common Stock 12500 0 D Performance Shares 0 2011-01-24 4 M 0 26660 0 D Common Stock 26660 26660 D Performance Shares 0 2011-01-25 4 M 0 42750 0 D Common Stock 42750 85500 D Restricted Stock Units 0 2011-01-25 4 M 0 23750 0 D Common Stock 23750 71250 D Restricted Stock Units 0 2011-01-26 4 M 0 11888 0 D Common Stock 11888 23774 D Stock Option (right to buy) 34.03 2011-01-24 4 A 0 272000 0 A 2018-01-24 Common Stock 272000 272000 D Performance Shares 0 2011-01-24 5 A 0 E 136500 0 A Common Stock 136500 136500 D Restricted Stock Units 0 2011-01-24 4 A 0 94000 0 A Common Stock 94000 94000 D 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 Share Units. Shares surrendered to pay tax liability due at vesting of Restricted Stock Units. Represents the number of shares acquired upon vesting of 25% of the Performance Share Units earned by the participant in connection with the Performance Share award filed January 26, 2007. The participant earned 200% of the target award based on the achievement of certain pre-established performance goals during the 2007 fiscal year. This Performance Share award vested in full on January 24, 2011. Represents the number of shares acquired upon vesting of 25% of the Performance Share Units earned by the participant in connection with the Performance Share award filed January 28, 2008. The participant earned 124% of the target award based on the achievement of certain pre-established performance goals during the 2008 fiscal year. The remaining Performance Share Units will vest on the fourth anniversary of the grant date. Represents the number of shares acquired upon vesting of 1/3 of the Performance Share Units 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. The remaining Performance Share Units will vest 1/3 on the second and third anniversary of the grant date. The remaining Restricted Stock Units will vest in equal installments on the second, third and fourth anniversary of the grant date. The remaining Restricted Stock Units will vest in equal installments on the third and fourth anniversary of the grant date. Vests at a rate of 2.08% per month for 48 months. Represents the maximum number of Performance Shares that will be earned, if at all, based on the achievement of certain pre-established performance goals during the 2011 fiscal year. Each Performance Share Unit represents a contingent right to receive one share of ADBE common stock. The maximum number represents 150% of the target payout of 91,000 shares. Vesting of the Performance Share Units will be 1/3 upon the later of the (i) the certification of performance goal achievement and (ii) the one year anniversary of the grant date, with the remaining Units vesting 1/3 annually on the second and third anniversary of the grant date if the initial performance goals are achieved. Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the grant date. /s/ Stuart Fagin, as attorney-in-fact 2011-01-26 -----END PRIVACY-ENHANCED MESSAGE-----