SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
LAMKIN BRYAN

(Last) (First) (Middle)
ADOBE SYSTEMS INCORPORATED
345 PARK AVENUE

(Street)
SAN JOSE CA 95110

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ADOBE SYSTEMS INC [ ADBE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, Graphics Business Unit
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/30/2004 M 135,448 A $26.47 146,047(1) D
Common Stock 09/30/2004 M 31,250 A $27.6875 177,297 D
Common Stock 09/30/2004 M 66,250 A $26.95 243,547 D
Common Stock 09/30/2004 M 2,500 A $26.95 246,047 D
Common Stock 09/30/2004 M 2,050 A $26.47 248,097 D
Common Stock 09/30/2004 S 223,106 D $49.2353 24,991 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $26.47 09/30/2004 M 135,448 09/30/2004(2) 11/12/2009 Common Stock 135,448 $0 160,077 D
Non-Qualified Stock Option (right to buy) $27.6875 09/30/2004 M 31,250 09/30/2004(2) 03/02/2009 Common Stock 31,250 $0 0 D
Non-Qualified Stock Option $26.95 09/30/2004 M 66,250 09/30/2004(2) 11/02/2009 Common Stock 66,250 $0 12,000 D
Incentive Stock Option (right to buy) $26.95 09/30/2004 M 2,500 09/30/2004(2) 11/02/2009 Common Stock 2,500 $0 500 D
Incentive Stock Option (right to buy) $26.47 09/30/2004 M 2,050 09/30/2004(2) 11/12/2009 Common Stock 2,050 $0 2,425 D
Explanation of Responses:
1. Total includes purchase of 976 shares of common stock on June 30, 2004 pursuant to Adobe's 1997 Employee Stock Purchase Plan.
2. Vests at a rate of 25% one year after grant date, 2.08% per month for the following 12 months, and 4.17% per month for the remaining 12 months.
/s/ Stuart Fagin, as attorney-in-fact 10/01/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.