X0303
4
2009-01-26
0
0000796343
ADOBE SYSTEMS INC
ADBE
0001246210
TARKOFF ROBERT M
345 PARK AVENUE
SAN JOSE
CA
95110
0
1
0
0
SVP&GM, Business Productivity
Common Stock
2009-01-26
4
M
0
9300
00.00
A
10522
D
Common Stock
2009-01-26
4
F
0
3633
19.93
D
6889
D
Performance Shares
0
2009-01-26
4
M
0
9300
0
D
Common Stock
9300
27900
D
Incentive Stock Option (right to buy)
19.93
2009-01-26
4
A
0
3678
0
A
2016-01-26
Common Stock
3678
3678
D
Non-Qualified Stock Option (right to buy)
19.93
2009-01-26
4
A
0
95322
0
A
2016-01-26
Common Stock
95322
95322
D
Performance Shares
0
2009-01-26
5
A
0
E
18975
0
A
Common Stock
18975
18975
D
Restricted Stock Units
0
2009-01-26
4
A
0
16500
0
A
Common Stock
16500
16500
D
Includes shares acquired on December 31, 2008 pursuant to Adobe's 1997 Employee Stock Purchase Plan.
Shares surrendered to pay tax liability due at vesting of Performance Share Units.
Represents the number of shares acquired upon vesting of 25% of the Performance Share Units earned by the participant in connection with the Performance Share award filed April 18, 2008. The participant earned 124% of the target award based on the achievement of certain pre-established performance goals during the 2008 fiscal year. The remaining Performance Share Units will vest 25% annually on the second, third and fourth anniversary of the grant date.
Vests at a rate of 2.08% per month for 48 months.
Represents the maximum number of Performance Shares that will be earned, if at all, based on the achievement of certain pre-established performance goals during the 2009 fiscal year. Each Performance Share Unit represents a contingent right to receive one share of ADBE common stock. The maximum number represents 115% of the target payout of 16,500 shares.
Vesting of the Performance Share Units will be 25% upon the later of the (i) first anniversary of the vesting grant date and (ii) the certification of performance goal achievement, with the remaining Units vesting 25% annually on the second, third, and fourth anniversary of the grant date if the initial performance goals are achieved.
Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the grant date.
/s/Stuart Fagin, as attorney-in-fact
2009-01-28