0000796343-15-000034.txt : 20150128 0000796343-15-000034.hdr.sgml : 20150128 20150128174018 ACCESSION NUMBER: 0000796343-15-000034 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150124 FILED AS OF DATE: 20150128 DATE AS OF CHANGE: 20150128 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ADOBE SYSTEMS INC CENTRAL INDEX KEY: 0000796343 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 770019522 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 BUSINESS ADDRESS: STREET 1: 345 PARK AVE CITY: SAN JOSE STATE: CA ZIP: 95110-2704 BUSINESS PHONE: 4085366000 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: SAN JOSE STATE: CA ZIP: 95110-2704 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: THOMPSON MATTHEW CENTRAL INDEX KEY: 0001267573 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15175 FILM NUMBER: 15555950 MAIL ADDRESS: STREET 1: 20450 STEVENS CREEK BOULEVARD, SUITE 800 STREET 2: C/O BORLAND SOFTWARE CORP CITY: CUPERTINO STATE: CA ZIP: 95014 4 1 wf-form4_142248480786880.xml FORM 4 X0306 4 2015-01-24 0 0000796343 ADOBE SYSTEMS INC ADBE 0001267573 THOMPSON MATTHEW ADOBE SYSTEMS INCORPORATED 345 PARK AVENUE SAN JOSE CA 95110 0 1 0 0 EVP WW Field Operations Common Stock 2015-01-24 4 M 0 24166 0 A 75462 D Common Stock 2015-01-24 4 F 0 11623 74.06 D 63839 D Common Stock 2015-01-24 4 M 0 15625 0 A 79464 D Common Stock 2015-01-24 4 F 0 8153 74.06 D 71311 D Common Stock 2015-01-24 4 M 0 6750 0 A 78061 D Common Stock 2015-01-24 4 F 0 2602 74.06 D 75459 D Common Stock 2015-01-24 4 M 0 27500 0 A 102959 D Common Stock 2015-01-24 4 F 0 14349 74.06 D 88610 D Common Stock 2015-01-24 4 M 0 13367 0 A 101977 D Common Stock 2015-01-24 4 F 0 6974 74.06 D 95003 D Common Stock 2015-01-26 4 M 0 12835 34.03 A 107838 D Common Stock 2015-01-26 4 S 0 56542 72.4402 D 51296 D Performance Shares 0.0 2015-01-24 4 M 0 24166 0 D Common Stock 24166.0 0 D Restricted Stock Units 0.0 2015-01-24 4 M 0 15625 0 D Common Stock 15625.0 15625 D Restricted Stock Units 0.0 2015-01-24 4 M 0 6750 0 D Common Stock 6750.0 0 D Restricted Stock Units 0.0 2015-01-24 4 M 0 27500 0 D Common Stock 27500.0 0 D Restricted Stock Units 0.0 2015-01-24 4 M 0 13367 0 D Common Stock 13367.0 26733 D Performance Shares 0.0 2015-01-26 5 A 0 E 68800 0 A Common Stock 68800.0 68800 D Restricted Stock Units 0.0 2015-01-26 4 A 0 34400 0 A Common Stock 34400.0 34400 D Stock Options (right to buy) 34.03 2015-01-26 4 M 0 12835 34.03 D 2015-01-26 2018-01-24 Common Stock 12835.0 0 D 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 $72.33 to $72.78. 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 15,625 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 grant date. The remaining units will vest on January 24, 2016 as to 13,367 shares and January 24, 2017 as to the remaining 13,366 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 34,400 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. Options granted January 24, 2011 are fully vested and exercisable. /s/ Jonathan Vaas, as attorney-in-fact 2015-01-28