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