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