SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
Rencher Bradley

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

(Street)
SAN JOSE CA 95110

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/18/2011
3. Issuer Name and Ticker or Trading Symbol
ADOBE SYSTEMS INC [ ADBE ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 18,241 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) (1) 02/26/2019 Common Stock 5,563 18.38 D
Stock Option (right to buy) (2) 07/30/2019 Common Stock 18,545 22.13 D
Stock Option (right to buy) (3) 06/15/2014 Common Stock 27,964 21.02 D
Stock Option (right to buy) (4) 11/16/2016 Common Stock 50,000 36.81 D
Stock Option (right to buy) (5) 01/24/2018 Common Stock 49,000 34.03 D
Stock Option (right to buy) (6) 01/25/2017 Common Stock 23,400 34.16 D
Restricted Stock Units (7) (7) Common Stock 1,079 00.00 D
Restricted Stock Units (8) (8) Common Stock 2,511 00.00 D
Restricted Stock Units (9) (9) Common Stock 7,727 00.00 D
Restricted Stock Units (10) (10) Common Stock 12,506 00.00 D
Restricted Stock Units (11) (11) Common Stock 12,300 00.00 D
Restricted Stock Units (12) (12) Common Stock 22,500 00.00 D
Restricted Stock Units (13) (13) Common Stock 17,000 00.00 D
Performance Shares (14) (14) Common Stock 24,000(15) 00.00 D
Explanation of Responses:
1. Vests at a rate of 25% on February 27, 2010, and 2.08% per month for 36 months thereafter.
2. Vests at a rate of 25% on July 31, 2010, and 2.08% per month for 36 months thereafter.
3. Vests in equal amounts each month over a 42-month period beginning on June 15, 2009.
4. Vests at a rate of 25% on November 16, 2010, and 2.08% per month for 36 months thereafter.
5. Vests at a rate of 2.08% per month for 48 months following the January 24, 2011 grant date.
6. Vests at a rate of 2.08% per month for 48 months following the January 25, 2010 grant date.
7. Vests at a rate of 25% on the one-year anniversary of the February 15, 2009 vesting start date, and 6.25% per quarter thereafter. The remaining units will vest on November 15, 2011 as to 155 shares with the remaining shares vesting in equal installments of 154 shares on February 15, 2012, May 15, 2012, August 15, 2012, November 15, 2012, February 15, 2013 and May 15, 2013.
8. Vests at a rate of 25% on the one-year anniversary of the February 15, 2008 vesting start date, and 6.25% per quarter thereafter. The remaining units will vest on November 15, 2011 as to 1,255 shares and February 15, 2012 as to 1,256 shares.
9. Vests at a rate of 25% on the one-year anniversary of the August 15, 2009 vesting start date, and 6.25% per quarter thereafter. The remaining units will vest on November 15, 2011 as to 966 shares, February 15, 2012 as to 966 shares, May 15, 2012 as to 966 shares, August 15, 2012 as to 966 shares, November 15, 2012 as to 966 shares, February 15, 2013 as to 966 shares, May 15, 2013 as to 965 shares and August 15, 2013 as to the remaining 966 shares.
10. Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the November 15, 2009 vesting commencement date. The remaining units will vest on November 15, 2011 as to 4,169 shares, November 15, 2012 as to 4,169 shares and November 15, 2013 as to the remaining 4,168 shares.
11. Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the January 25, 2010 grant date. The remaining units will vest in equal installments on January 25, 2012, January 25, 2013 and January 25, 2014.
12. Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the August 15, 2010 vesting commencement date. The remaining units will vest in equal installments on August 15, 2012, August 15, 2013 and August 15, 2014.
13. Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the January 24, 2011 grant date.
14. Vesting of the Performance Share Units will be 1/3 upon the later of (i) the certification date of performance goal achievement and (ii) the one-year anniversary of the January 24, 2011 grant date, with the remaining Units vesting 1/3 annually on the second and third anniversary of the grant date if the initial performance goals are achieved.
15. 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 2011 fiscal year. Each Performance Share Unit represents a contingent right to receive one share of ADBE common stock. The maximum number represents 150% of the target payout of 16,000 shares.
/s/ Justin Judd, as attorney-in-fact 08/29/2011
** 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 5 (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).
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