0001179110-12-001151.txt : 20120126
0001179110-12-001151.hdr.sgml : 20120126
20120126211731
ACCESSION NUMBER: 0001179110-12-001151
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120124
FILED AS OF DATE: 20120126
DATE AS OF CHANGE: 20120126
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: 12548970
MAIL ADDRESS:
STREET 1: 345 PARK AVENUE
CITY: SAN JOSE
STATE: CA
ZIP: 95110
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
4
1
edgar.xml
FORM 4 -
X0304
4
2012-01-24
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
2012-01-24
4
M
0
26660
00.00
A
232276
I
by trust
Common Stock
2012-01-24
4
F
0
12444
30.95
D
219832
I
by trust
Common Stock
2012-01-24
4
M
0
32000
00.00
A
251832
I
by trust
Common Stock
2012-01-24
4
F
0
14937
30.95
D
236895
I
by trust
Common Stock
2012-01-24
4
M
0
39434
00.00
A
276329
I
by trust
Common Stock
2012-01-24
4
F
0
14577
30.95
D
261752
I
by trust
Common Stock
2012-01-24
4
M
0
23500
00.00
A
285252
I
by trust
Common Stock
2012-01-24
4
F
0
10969
30.95
D
274283
I
by trust
Common Stock
2012-01-25
4
M
0
42750
00.00
A
317033
I
by trust
Common Stock
2012-01-25
4
F
0
20682
31.34
D
296351
I
by trust
Common Stock
2012-01-25
4
M
0
23750
00.00
A
320101
I
by trust
Common Stock
2012-01-25
4
F
0
11086
31.34
D
309015
I
by trust
Common Stock
2012-01-26
4
M
0
11887
00.00
A
320902
I
by trust
Common Stock
2012-01-26
4
F
0
5548
31.18
D
315354
I
by trust
Performance Shares
0
2012-01-24
4
M
0
26660
0
D
Common Stock
26660
0
D
Restricted Stock Units
0
2012-01-24
4
M
0
32000
0
D
Common Stock
32000
32000
D
Performance Shares
0
2012-01-24
4
M
0
39434
0
D
Common Stock
39434
78866
D
Restricted Stock Units
0
2012-01-24
4
M
0
23500
0
D
Common Stock
23500
70500
D
Performance Shares
0
2012-01-25
4
M
0
42750
0
D
Common Stock
42750
42750
D
Restricted Stock Units
0
2012-01-25
4
M
0
23750
0
D
Common Stock
23750
47500
D
Restricted Stock Units
0
2012-01-26
4
M
0
11887
0
D
Common Stock
11887
11887
D
Performance Shares
0
2012-01-24
5
A
0
E
236250
0
A
Common Stock
236250
236250
D
Restricted Stock Units
0
2012-01-24
4
A
0
157500
0
A
Common Stock
157500
157500
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 Share Units.
Shares surrendered to pay tax liability due at vesting of Restricted Stock 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 January 28, 2008. The participant earned 124% of the target award based on the achievement of certain pre-established performance goals during the 2008 fiscal year. This Performance Share award vested in full on the fourth anniversary of the January 24, 2008 grant date.
Vests at a rate of 50% on the fourth year anniversary of the January 24, 2008 grant date and 50% on the fifth year anniversary of the grant date. The remaining units will vest on January 24, 2013 as to 32,000 shares.
Represents the number of shares acquired upon vesting of 1/3 of the Performance Share Units earned by the participant in connection with the Performance Share award filed January 26, 2011. The participant earned 130% of the target award based on the achievement of certain pre-established performance goals during the 2011 fiscal year. The remaining Performance Share Units will vest as to 1/3 of the full earned amount on each of the second and third anniversary of the January 24, 2011 grant date.
Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the January 24, 2011 grant date. The remaining units will vest on January 24, 2013 as to 23,500 shares, January 24, 2014 as to 23,500 shares and January 24, 2015 as to the remaining 23,500 shares.
Represents the number of shares acquired upon vesting of 1/3 of the Performance Share Units earned by the participant in connection with the Performance Share award filed January 26, 2010. The participant earned 135% of the target award based on the achievement of certain pre-established performance goals during the 2010 fiscal year. The remaining Performance Share Units will vest as to 1/3 of the full earned amount on the third anniversary of the January 25, 2010 grant date.
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 on January 25, 2013 as to 23,750 shares and January 25, 2014 as to the remaining 23,750 shares.
Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the January 26, 2009 grant date. The remaining units will vest on January 26, 2013 as to 11,887 shares.
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 2012 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 157,500 shares.
Vesting of the Performance Share Units will be 1/3 of the full earned amount upon the later of the (i) certification of performance goal achievement and (ii) one year anniversary of the January 24, 2012 grant date, with the remaining Units vesting as to 1/3 of the full earned amount on each of the second and third 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 January 24, 2012 grant date.
/s/ Justin Judd, as attorney-in-fact
2012-01-26