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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | $ 0 | 01/24/2016 | M | 15,625 | (7) | (7) | Common Stock | 15,625 | $ 0 | 0 | D | ||||
Performance Shares | $ 0 | 01/24/2016 | M | 69,300 | (8) | (8) | Common Stock | 69,300 | $ 0 | 0 | D | ||||
Restricted Stock Units | $ 0 | 01/24/2016 | M | 11,967 | (9) | (9) | Common Stock | 11,967 | $ 0 | 11,966 | D | ||||
Restricted Stock Units | $ 0 | 01/24/2016 | M | 11,467 | (10) | (10) | Common Stock | 11,467 | $ 0 | 22,933 | D | ||||
Performance Shares | $ 0 | 01/25/2016 | A | 54,430 | (11) | (11) | Common Stock | 54,430 | $ 0 | 54,430 | D | ||||
Restricted Stock Units | $ 0 | 01/25/2016 | A | 27,215 | (12) | (12) | Common Stock | 27,215 | $ 0 | 27,215 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
GARRETT MARK ADOBE SYSTEMS INCORPORATED 345 PARK AVENUE SAN JOSE, CA 95110 |
EVP, CFO & Asst. Secretary |
/s/ Jonathan Vaas, as attorney-in-fact | 01/27/2016 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Shares surrendered to pay tax liability due at vesting. |
(2) | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person July 20, 2015. |
(3) | This transaction was executed in multiple trades at prices ranging from $87.41 to $88.40. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range. |
(4) | This transaction was executed in multiple trades at prices ranging from $88.41 to $89.23. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range. |
(5) | Shares held by the Garrett Living Trust, dtd 11/15/91, of which the reporting person is a trustee. |
(6) | Shares held by the Garrett Family Investment Partnership LP. |
(7) | RSU award granted on January 24, 2012 vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the grant date. |
(8) | The Performance Shares vested in full upon the certification of performance goal achievement at 198% following the three-year anniversary of the January 24, 2013 grant date. |
(9) | Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 grant date. |
(10) | Vests 1/3 on each of January 24, 2016, January 24, 2017 and January 24, 2018. |
(11) | The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2016 vesting commencement date, if the performance goal is achieved. |
(12) | Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date. |