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Filing Details

Accession Number:: 0000877890-12-000054
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-05-08 17:18:16
Reporting Period:: 2012-05-04

Filing Date:: 2012-05-08
Accepted Time:: 2012-05-08 17:18:16
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
877890	Citrix Systems Inc	CTXS	Services-Prepackaged Software (7372)	752275152

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1416194	Gordon John Payne	C/O Citrix Systems, Inc. 851 West Cypress Creek Road Fort Lauderdale FL 33309	Svp, Desktop & Cloud Division	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	Explanation
Common Stock	Disposition	2012-05-04	6,204	$82.56	81,784	No	4	S	Direct
Common Stock	Disposition	2012-05-04	4,300	$83.80	21,574	No	4	S	Indirect	The 2007 John G. Payne Family Trust u/d/t March 29, 2007
Common Stock	Disposition	2012-05-04	2,013	$85.02	19,561	No	4	S	Indirect	The 2007 John G. Payne Family Trust u/d/t March 29, 2007
Common Stock	Disposition	2012-05-04	19,561	$83.49	0	No	4	S	Indirect	The 2007 John G. Payne Family Trust u/d/t March 29, 2007
Common Stock	Acquisiton	2012-05-04	1,041	$36.83	82,825	No	4	M	Direct
Common Stock	Disposition	2012-05-04	1,041	$82.40	81,784	No	4	S	Direct
Common Stock	Acquisiton	2012-05-04	2,082	$32.75	83,866	No	4	M	Direct
Common Stock	Disposition	2012-05-04	2,082	$82.44	81,784	No	4	S	Direct
Common Stock	Acquisiton	2012-05-04	3,123	$26.64	84,907	No	4	M	Direct
Common Stock	Disposition	2012-05-04	3,123	$82.64	81,784	No	4	S	Direct
Common Stock	Acquisiton	2012-05-04	27,500	$20.09	109,284	No	4	M	Direct
Common Stock	Disposition	2012-05-04	26,033	$82.73	83,251	No	4	S	Direct
Common Stock	Disposition	2012-05-04	1,467	$83.18	81,784	No	4	S	Direct
Common Stock	Acquisiton	2012-05-04	20,835	$47.03	102,619	No	4	M	Direct
Common Stock	Disposition	2012-05-04	20,835	$83.32	81,784	No	4	S	Direct
Common Stock	Acquisiton	2012-05-04	18,231	$55.02	100,015	No	4	M	Direct
Common Stock	Disposition	2012-05-04	16,300	$83.67	83,715	No	4	S	Direct
Common Stock	Disposition	2012-05-04	1,931	$84.99	81,784	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Indirect	The 2007 John G. Payne Family Trust u/d/t March 29, 2007
No	4	S	Indirect	The 2007 John G. Payne Family Trust u/d/t March 29, 2007
No	4	S	Indirect	The 2007 John G. Payne Family Trust u/d/t March 29, 2007
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	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	Stock Option (Right to Buy)	Disposition	2012-05-04	1,041	$0.00	1,041	$36.83
Common Stock	Stock Option (Right to Buy)	Disposition	2012-05-04	2,082	$0.00	2,082	$32.75
Common Stock	Stock Option (Right to Buy)	Disposition	2012-05-04	3,123	$0.00	3,123	$26.64
Common Stock	Stock Option (Right to Buy)	Disposition	2012-05-04	27,500	$0.00	27,500	$20.09
Common Stock	Stock Option (Right to Buy)	Disposition	2012-05-04	20,835	$0.00	20,835	$47.03
Common Stock	Stock Option (Right to Buy)	Disposition	2012-05-04	18,231	$0.00	18,231	$55.02

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2008-12-03	2012-12-03	No	4	M	Direct
0	2009-04-30	2013-04-30	No	4	M	Direct
0	2009-07-31	2013-07-31	No	4	M	Direct
0	2010-03-02	2014-03-02	No	4	M	Direct
10,415	2011-04-30	2015-04-30	No	4	M	Direct
13,019	2011-07-30	2015-07-30	No	4	M	Direct

Footnotes

The sales reported in this Form 4 were made pursuant to a Rule 10b5-1 plan adopted by the Reporting Person.
The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $82.29-$82.75.
The Reporting Person's previous Forms 4 incorrectly allocated the number of shares directly held by the Reporting Person and those shares indirectly held by the Reporting Person in the 2007 John G. Payne Family Trust u/d/t March 29, 2007 (the "Payne Family Trust"). Because of transfers from the Reporting Person's individual account to the Payne Family Trust, the Reporting Person's Form 4 filed on December 6, 2010 and subsequent Forms 4 filed through April 3, 2012 (the "April Form 4") understated the Reporting Person's indirect holdings in the Payne Family Trust and overstated the Reporting Person's direct holdings. In the April Form 4, the indirect holdings were understated by 6,313 shares and the direct holdings were overstated by 6,313 shares.
The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $83.58-84.25.
These shares are held by the Payne Family Trust. The Reporting Person and the Reporting Person's spouse are the trustees of the Payne Family Trust. The Reporting Person disclaims beneficial ownership with respect to shares held by The Payne Family Trust, except to the extent of his pecuniary interest therein.
The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $84.68-$85.10.
The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $83.13-83.98.
The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $82.33-$82.48.
The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $82.27-82.58.
The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $82.54-82.75.
The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $82.17-$83.16.
The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $83.17-$83.20.
The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $83.03-$83.67.
The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $83.35-$84.25.
The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $84.68-$85.11.
These stock options vest at a rate of 1/3 of the shares underlying the stock option one year from the date of grant and at a rate of 1/36 monthly thereafter.