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Filing Details

Accession Number:: 0000796343-15-000042
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-01-28 18:39:01
Reporting Period:: 2015-01-24

Filing Date:: 2015-01-28
Accepted Time:: 2015-01-28 18:39:01
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	2015-01-24	21,266	$0.00	46,687	No	4	M	Direct
Common Stock	Disposition	2015-01-24	10,820	$74.06	35,867	No	4	F	Direct
Common Stock	Acquisiton	2015-01-24	13,750	$0.00	49,617	No	4	M	Direct
Common Stock	Disposition	2015-01-24	7,174	$74.06	42,443	No	4	F	Direct
Common Stock	Acquisiton	2015-01-24	6,750	$0.00	49,193	No	4	M	Direct
Common Stock	Disposition	2015-01-24	2,536	$74.06	46,657	No	4	F	Direct
Common Stock	Acquisiton	2015-01-24	23,750	$0.00	70,407	No	4	M	Direct
Common Stock	Disposition	2015-01-24	12,392	$74.06	58,015	No	4	F	Direct
Common Stock	Acquisiton	2015-01-24	10,550	$0.00	68,565	No	4	M	Direct
Common Stock	Disposition	2015-01-24	5,504	$74.06	63,061	No	4	F	Direct
Common Stock	Disposition	2015-01-26	32,594	$72.36	30,467	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	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	2015-01-24	21,266	$0.00	21,266	$0.00
Common Stock	Restricted Stock Units	Disposition	2015-01-24	13,750	$0.00	13,750	$0.00
Common Stock	Restricted Stock Units	Disposition	2015-01-24	6,750	$0.00	6,750	$0.00
Common Stock	Restricted Stock Units	Disposition	2015-01-24	23,750	$0.00	23,750	$0.00
Common Stock	Restricted Stock Units	Disposition	2015-01-24	10,550	$0.00	10,550	$0.00
Common Stock	Performance Shares	Acquisiton	2015-01-26	58,500	$0.00	58,500	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2015-01-26	29,250	$0.00	29,250	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	No	4	M	Direct
13,750	No	4	M	Direct
0	No	4	M	Direct
0	No	4	M	Direct
21,100	No	4	M	Direct
58,500	No	5	A	Direct
29,250	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 $72.32 to $72.46. 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. This Performance Share award vested in full 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, 2016 as to the remaining 13,750 shares.
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. This Restricted Stock Unit award vested in full on January 24, 2015.
Vests at a rate of 50% annually on the first and second anniversaries of the January 24, 2013 grant date. This Restricted Stock Unit award vested in full on January 24, 2015.
RSU award granted on January 24, 2014 vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 grant date. The remaining units will vest on January 24, 2016 as to 10,550 shares and January 24, 2017 as to the remaining 10,550 shares.
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 29,250 shares.
The Performance Shares will vest in full upon the certification of performance goal achievement on or after January 24, 2018, if the performance goal is achieved and the holder continues to provide services to the Company on such date.
Vests 1/3 on each of January 24, 2016, January 24, 2017 and January 24, 2018.