0001179110-14-001440.txt : 20140128 0001179110-14-001440.hdr.sgml : 20140128 20140128161919 ACCESSION NUMBER: 0001179110-14-001440 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140124 FILED AS OF DATE: 20140128 DATE AS OF CHANGE: 20140128 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 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: 14553213 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: SAN JOSE STATE: CA ZIP: 95110 4 1 edgar.xml FORM 4 - X0306 4 2014-01-24 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 2014-01-24 4 M 0 60900 00.00 A 292572 I by trust Common Stock 2014-01-24 4 F 0 31777 59.09 D 260795 I by trust Common Stock 2014-01-24 4 M 0 39375 00.00 A 300170 I by trust Common Stock 2014-01-24 4 F 0 20545 59.09 D 279625 I by trust Common Stock 2014-01-24 4 M 0 39433 00.00 A 319058 I by trust Common Stock 2014-01-24 4 F 0 20576 59.09 D 298482 I by trust Common Stock 2014-01-24 4 M 0 23500 00.00 A 321982 I by trust Common Stock 2014-01-24 4 F 0 12262 59.09 D 309720 I by trust Common Stock 2014-01-24 4 M 0 78750 00.00 A 388470 I by trust Common Stock 2014-01-24 4 F 0 41091 59.09 D 347379 I by trust Common Stock 2014-01-25 4 M 0 23750 00.00 A 371129 I by trust Common Stock 2014-01-25 4 F 0 12392 59.09 D 358737 I by trust Common Stock 2014-01-27 4 S 0 100000 58.4335 D 258737 I by trust Performance Shares 0 2014-01-24 4 M 0 60900 0 D Common Stock 60900 60900 D Restricted Stock Units 0 2014-01-24 4 M 0 39375 0 D Common Stock 39375 78750 D Performance Shares 0 2014-01-24 4 M 0 39433 0 D Common Stock 39433 0 D Restricted Stock Units 0 2014-01-24 4 M 0 23500 0 D Common Stock 23500 23500 D Restricted Stock Units 0 2014-01-24 4 M 0 78750 0 D Common Stock 78750 78750 D Restricted Stock Units 0 2014-01-25 4 M 0 23750 0 D Common Stock 23750 0 D Performance Shares 0 2014-01-24 5 A 0 E 253100 0 A Common Stock 253100 253100 D Restricted Stock Units 0 2014-01-24 4 A 0 126550 0 A Common Stock 126550 126550 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 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. /s/ Jonathan Vaas, as attorney-in-fact 2014-01-28