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 of Derivative Security: 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 |
Non-Qualified Stock Option (right to buy)
|
Â
(1)
|
05/15/2014 |
Common Stock
|
250,000
|
$
41.37
|
D
|
Â
|
Incentive Stock Option (right to buy)
|
Â
(2)
|
01/24/2015 |
Common Stock
|
13,503
|
$
34.64
|
D
|
Â
|
Non-Qualified Stock Option (right to buy)
|
Â
(2)
|
01/24/2015 |
Common Stock
|
80,497
|
$
34.64
|
D
|
Â
|
Performance Shares
|
Â
(3)
|
Â
(3)
|
Common Stock
|
15,000
|
$
0
|
D
|
Â
|
Performance Shares
|
Â
(4)
|
Â
(4)
|
Common Stock
|
60,000
(5)
|
$
0
|
D
|
Â
|
* |
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). |
(1) |
Vests at a rate of 25% one year after grant date and 2.08% per month for the following 36 months. |
(2) |
Vests at a rate of 2.08% per month for 48 months. |
(3) |
Vesting of the Performance Share Units will be 25% on May 15, 2008, the initial vest date, with the remaining Units vesting 25% annually on the second, third, and fourth anniversary of the initial vest date. |
(4) |
Vesting of the Performance Share Units will be 25% upon the later of the (i) first anniversary of the 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. |
(5) |
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 2008 fiscal year. Each Performance Share Unit represents a contingent right to receive one share of ADBE common stock. The maximum number represents 200% of the target payout of 30,000 shares. |