0000796343-15-000038.txt : 20150128 0000796343-15-000038.hdr.sgml : 20150128 20150128175931 ACCESSION NUMBER: 0000796343-15-000038 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: NARAYEN SHANTANU CENTRAL INDEX KEY: 0001224154 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15175 FILM NUMBER: 15556101 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: SAN JOSE STATE: CA ZIP: 95110 4 1 wf-form4_142248596053168.xml FORM 4 X0306 4 2015-01-24 0 0000796343 ADOBE SYSTEMS INC ADBE 0001224154 NARAYEN SHANTANU ADOBE SYSTEMS INCORPORATED 345 PARK AVENUE SAN JOSE CA 95110 1 1 0 0 President and CEO Common Stock 2015-01-24 4 M 0 60900 0 A 320058 I by trust Common Stock 2015-01-24 4 F 0 31777 74.06 D 288281 I by trust Common Stock 2015-01-24 4 M 0 39375 0 A 327656 I by trust Common Stock 2015-01-24 4 F 0 20545 74.06 D 307111 I by trust Common Stock 2015-01-24 4 M 0 23500 0 A 330611 I by trust Common Stock 2015-01-24 4 F 0 12262 74.06 D 318349 I by trust Common Stock 2015-01-24 4 M 0 78750 0 A 397099 I by trust Common Stock 2015-01-24 4 F 0 41091 74.06 D 356008 I by trust Common Stock 2015-01-24 4 M 0 42184 0 A 398192 I by trust Common Stock 2015-01-24 4 F 0 22011 74.06 D 376181 I by trust Common Stock 2015-01-26 4 S 0 58267 72.1107 D 317914 I by trust Common Stock 2015-01-26 4 S 0 41733 72.7865 D 276181 I by trust Performance Shares 0.0 2015-01-24 4 M 0 60900 0 D Common Stock 60900.0 0 D Restricted Stock Units 0.0 2015-01-24 4 M 0 39375 0 D Common Stock 39375.0 39375 D Restricted Stock Units 0.0 2015-01-24 4 M 0 23500 0 D Common Stock 23500.0 0 D Restricted Stock Units 0.0 2015-01-24 4 M 0 78750 0 D Common Stock 78750.0 0 D Restricted Stock Units 0.0 2015-01-24 4 M 0 42184 0 D Common Stock 42184.0 84366 D Performance Shares 0.0 2015-01-26 5 A 0 E 227000 0 A Common Stock 227000.0 227000 D Restricted Stock Units 0.0 2015-01-26 4 A 0 113500 0 A Common Stock 113500.0 113500 D Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee. 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. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person April 30, 2014. This transaction was executed in multiple trades at prices ranging from $71.73 to $72.72. 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. This transaction was executed in multiple trades at prices ranging from $72.74 to $73.08. 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 39,375 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 42,183 shares and January 24, 2017 as to the remaining 42,183 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 113,500 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. /s/ Jonathan Vaas, as attorney-in-fact 2015-01-28