Filing Details

Accession Number:
0000796343-16-000244
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-01-27 16:43:42
Reporting Period:
2016-01-24
Filing Date:
2016-01-27
Accepted Time:
2016-01-27 16:43:42
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
1246215 Mark Garrett Adobe Systems Incorporated
345 Park Avenue
San Jose CA 95110
Evp, Cfo & Asst. Secretary No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2016-01-24 15,625 $0.00 15,625 No 4 M Direct
Common Stock Disposition 2016-01-24 6,577 $89.63 9,048 No 4 F Direct
Common Stock Acquisiton 2016-01-24 69,300 $0.00 78,348 No 4 M Direct
Common Stock Disposition 2016-01-24 36,160 $89.63 42,188 No 4 F Direct
Common Stock Acquisiton 2016-01-24 11,967 $0.00 54,155 No 4 M Direct
Common Stock Disposition 2016-01-24 6,244 $89.63 47,911 No 4 F Direct
Common Stock Acquisiton 2016-01-24 11,467 $0.00 59,378 No 4 M Direct
Common Stock Disposition 2016-01-24 5,983 $89.63 53,395 No 4 F Direct
Common Stock Disposition 2016-01-25 16,613 $87.90 36,782 No 4 S Direct
Common Stock Disposition 2016-01-25 36,782 $88.81 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2016-01-24 15,625 $0.00 15,625 $0.00
Common Stock Performance Shares Disposition 2016-01-24 69,300 $0.00 69,300 $0.00
Common Stock Restricted Stock Units Disposition 2016-01-24 11,967 $0.00 11,967 $0.00
Common Stock Restricted Stock Units Disposition 2016-01-24 11,467 $0.00 11,467 $0.00
Common Stock Performance Shares Acquisiton 2016-01-25 54,430 $0.00 54,430 $0.00
Common Stock Restricted Stock Units Acquisiton 2016-01-25 27,215 $0.00 27,215 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
0 No 4 M Direct
11,966 No 4 M Direct
22,933 No 4 M Direct
54,430 No 4 A Direct
27,215 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 50,000 Indirect by trust
Common Stock 107 Indirect by trust
Footnotes
  1. Shares surrendered to pay tax liability due at vesting.
  2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person July 20, 2015.
  3. This transaction was executed in multiple trades at prices ranging from $87.41 to $88.40. 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.
  4. This transaction was executed in multiple trades at prices ranging from $88.41 to $89.23. 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.
  5. Shares held by the Garrett Living Trust, dtd 11/15/91, of which the reporting person is a trustee.
  6. Shares held by the Garrett Family Investment Partnership LP.
  7. 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.
  8. The Performance Shares vested in full upon the certification of performance goal achievement at 198% following the three-year anniversary of the January 24, 2013 grant date.
  9. Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 grant date.
  10. Vests 1/3 on each of January 24, 2016, January 24, 2017 and January 24, 2018.
  11. The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2016 vesting commencement date, if the performance goal is achieved.
  12. Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.