0000796343-16-000242.txt : 20160127 0000796343-16-000242.hdr.sgml : 20160127 20160127164206 ACCESSION NUMBER: 0000796343-16-000242 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160124 FILED AS OF DATE: 20160127 DATE AS OF CHANGE: 20160127 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: 161365474 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: SAN JOSE STATE: CA ZIP: 95110 4 1 wf-form4_145393091499927.xml FORM 4 X0306 4 2016-01-24 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 2016-01-24 4 M 0 39375 0 A 315978 I by trust Common Stock 2016-01-24 4 F 0 20545 89.63 D 295433 I by trust Common Stock 2016-01-24 4 M 0 311850 0 A 607283 I by trust Common Stock 2016-01-24 4 F 0 162723 89.63 D 444560 I by trust Common Stock 2016-01-24 4 M 0 42183 0 A 486743 I by trust Common Stock 2016-01-24 4 F 0 22011 89.63 D 464732 I by trust Common Stock 2016-01-24 4 M 0 37834 0 A 502566 I by trust Common Stock 2016-01-24 4 F 0 19741 89.63 D 482825 I by trust Common Stock 2016-01-26 4 S 0 30669 86.3164 D 452156 I by trust Common Stock 2016-01-26 4 S 0 153184 86.9285 D 298972 I by trust Restricted Stock Units 0.0 2016-01-24 4 M 0 39375 0 D Common Stock 39375.0 0 D Performance Shares 0.0 2016-01-24 4 M 0 311850 0 D Common Stock 311850.0 0 D Restricted Stock Units 0.0 2016-01-24 4 M 0 42183 0 D Common Stock 42183.0 42183 D Restricted Stock Units 0.0 2016-01-24 4 M 0 37834 0 D Common Stock 37834.0 75666 D Performance Shares 0.0 2016-01-25 4 A 0 195930 0 A Common Stock 195930.0 195930 D Restricted Stock Unit 0.0 2016-01-25 4 A 0 97965 0 A Common Stock 97965.0 97965 D Shares held by The Narayen Family Trust, dtd 11/30/00, of which the reporting person is a trustee. Shares surrendered to pay tax liability due at vesting. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person March 19, 2015. This transaction was executed in multiple trades at prices ranging from $85.56 to $86.555. 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 $86.56 to $87.54. 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. 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 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. Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 grant date. Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date. 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. Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date. /s/ Jonathan Vaas, as attorney-in-fact 2016-01-27