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Filing Details

Accession Number:: 0001179110-13-001313
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-01-28 21:35:37
Reporting Period:: 2013-01-24

Filing Date:: 2013-01-28
Accepted Time:: 2013-01-28 21:35:37
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
1198791	M Kevin Lynch	Adobe Systems Incorporated 345 Park Avenue San Jose CA 95110	Cto, Evp Experience&Technology	No	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
Common Stock	Acquisiton	2013-01-24	24,168	$0.00	73,328	No	4	M	Direct
Common Stock	Disposition	2013-01-24	12,610	$38.10	60,718	No	4	F	Direct
Common Stock	Acquisiton	2013-01-24	15,625	$0.00	76,343	No	4	M	Direct
Common Stock	Disposition	2013-01-24	8,153	$38.10	68,190	No	4	F	Direct
Common Stock	Acquisiton	2013-01-24	20,367	$0.00	88,557	No	4	M	Direct
Common Stock	Disposition	2013-01-24	7,783	$38.10	80,774	No	4	F	Direct
Common Stock	Acquisiton	2013-01-24	12,000	$0.00	92,774	No	4	M	Direct
Common Stock	Disposition	2013-01-24	5,403	$38.10	87,371	No	4	F	Direct
Common Stock	Acquisiton	2013-01-25	7,200	$0.00	94,571	No	4	M	Direct
Common Stock	Disposition	2013-01-25	3,756	$38.32	90,815	No	4	F	Direct
Common Stock	Acquisiton	2013-01-25	4,250	$0.00	95,065	No	4	M	Direct
Common Stock	Disposition	2013-01-25	2,217	$38.32	92,848	No	4	F	Direct
Common Stock	Acquisiton	2013-01-25	12,500	$0.00	105,348	No	4	M	Direct
Common Stock	Disposition	2013-01-25	6,522	$38.32	98,826	No	4	F	Direct
Common Stock	Acquisiton	2013-01-26	5,275	$0.00	104,101	No	4	M	Direct
Common Stock	Disposition	2013-01-26	2,752	$38.32	101,349	No	4	F	Direct
Common Stock	Disposition	2013-01-28	52,189	$38.17	49,160	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance Shares	Disposition	2013-01-24	24,168	$0.00	24,168	$0.00
Common Stock	Restricted Stock Units	Disposition	2013-01-24	15,625	$0.00	15,625	$0.00
Common Stock	Performance Shares	Disposition	2013-01-24	20,367	$0.00	20,367	$0.00
Common Stock	Restricted Stock Units	Disposition	2013-01-24	12,000	$0.00	12,000	$0.00
Common Stock	Performance Shares	Disposition	2013-01-25	7,200	$0.00	7,200	$0.00
Common Stock	Restricted Stock Units	Disposition	2013-01-25	4,250	$0.00	4,250	$0.00
Common Stock	Restricted Stock Units	Disposition	2013-01-25	12,500	$0.00	12,500	$0.00
Common Stock	Restricted Stock Units	Disposition	2013-01-26	5,275	$0.00	5,275	$0.00
Common Stock	Performance Shares	Acquisiton	2013-01-24	110,000	$0.00	110,000	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2013-01-24	55,000	$0.00	55,000	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
48,332	No	4	M	Direct
46,875	No	4	M	Direct
20,366	No	4	M	Direct
24,000	No	4	M	Direct
0	No	4	M	Direct
4,250	No	4	M	Direct
12,500	No	4	M	Direct
0	No	4	M	Direct
110,000	No	5	A	Direct
55,000	No	4	A	Direct

Footnotes

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.
This transaction was executed in multiple trades at prices ranging from $38.13 to $38.29. 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 each of the second and 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, 2014 as to 15,625 shares, January 24, 2015 as to 15,625 shares and January 24, 2016 as to the remaining 15,625 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. The remaining Performance Shares will vest as to 1/3 of the full earned amount 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, 2014 as to 12,000 shares and January 24, 2015 as to the remaining 12,000 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, 2010. The participant earned 135% of the target award based on the achievement of certain pre-established performance goals during the 2010 fiscal year. This Performance Share award vested in full on the third anniversary of the January 25, 2010 grant date.
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. The remaining units will vest on January 25, 2014 as to the remaining 4,250 shares.
RSU award granted on January 25, 2010 vests at a rate of 50% on the second anniversary of the grant date, and then 25% annually on the third and fourth anniversaries of the grant date. The remaining units will vest on January 25, 2014 as to 12,500 shares.
RSU award granted on January 26, 2009 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 26, 2013.
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 55,000 shares.
The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2013 grant date, if the performance goal is achieved.
Vests at a rate of 50% annually on the first and second anniversaries of the January 24, 2013 grant date.