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Filing Details

Accession Number:: 0001179110-13-001315
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-01-28 21:38:47
Reporting Period:: 2013-01-24

Filing Date:: 2013-01-28
Accepted Time:: 2013-01-28 21:38:47
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
1494665	David Wadhwani	Adobe Systems Incorporated 345 Park Avenue San Jose CA 95110	Svp & Gm, Digital Media	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	21,268	$0.00	34,976	No	4	M	Direct
Common Stock	Disposition	2013-01-24	9,895	$38.10	25,081	No	4	F	Direct
Common Stock	Acquisiton	2013-01-24	13,750	$0.00	38,831	No	4	M	Direct
Common Stock	Disposition	2013-01-24	7,174	$38.10	31,657	No	4	F	Direct
Common Stock	Acquisiton	2013-01-24	11,267	$0.00	42,924	No	4	M	Direct
Common Stock	Disposition	2013-01-24	4,366	$38.10	38,558	No	4	F	Direct
Common Stock	Acquisiton	2013-01-24	6,750	$0.00	45,308	No	4	M	Direct
Common Stock	Disposition	2013-01-24	2,536	$38.10	42,772	No	4	F	Direct
Common Stock	Acquisiton	2013-01-25	3,487	$0.00	46,259	No	4	M	Direct
Common Stock	Disposition	2013-01-25	1,819	$38.32	44,440	No	4	F	Direct
Common Stock	Disposition	2013-01-25	21,796	$38.28	22,644	No	4	S	Direct
Common Stock	Acquisiton	2013-01-26	1,958	$0.00	24,602	No	4	M	Direct
Common Stock	Disposition	2013-01-26	1,021	$38.32	23,581	No	4	F	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	S	Direct
No	4	M	Direct
No	4	F	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	21,268	$0.00	21,268	$0.00
Common Stock	Restricted Stock Units	Disposition	2013-01-24	13,750	$0.00	13,750	$0.00
Common Stock	Performance Shares	Disposition	2013-01-24	11,267	$0.00	11,267	$0.00
Common Stock	Restricted Stock Units	Disposition	2013-01-24	6,750	$0.00	6,750	$0.00
Common Stock	Restricted Stock Units	Disposition	2013-01-25	3,487	$0.00	3,487	$0.00
Common Stock	Restricted Stock Units	Disposition	2013-01-26	1,958	$0.00	1,958	$0.00
Common Stock	Performance Shares	Acquisiton	2013-01-24	95,000	$0.00	95,000	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2013-01-24	47,500	$0.00	47,500	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
42,532	No	4	M	Direct
41,250	No	4	M	Direct
11,266	No	4	M	Direct
13,500	No	4	M	Direct
3,487	No	4	M	Direct
0	No	4	M	Direct
95,000	No	5	A	Direct
47,500	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 $38.26 to $38.32. 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 13,750 shares, January 24, 2015 as to 13,750 shares and January 24, 2016 as to the remaining 13,750 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 6,750 shares and January 24, 2015 as to the remaining 6,750 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. The remaining units will vest on January 25, 2014 as to the remaining 3,487 shares.
25% of the original amount of the Restricted Stock Unit award of 7,833 shares vested annually on January 26, 2010, January 26, 2011, January 26, 2012 and January 26, 2013, resulting in the grant being 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 47,500 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.