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)
|
01/03/2013 |
Common Stock
|
90,000
|
$
38.52
|
D
|
Â
|
Incentive Stock Option (right to buy)
|
Â
(2)
|
01/24/2014 |
Common Stock
|
9,407
|
$
39.69
|
D
|
Â
|
Non-Qualified Stock Option (right to buy)
|
Â
(2)
|
01/24/2014 |
Common Stock
|
65,593
|
$
39.69
|
D
|
Â
|
Non-Qualified Stock Option (right to buy)
|
Â
(3)
|
11/30/2015 |
Common Stock
|
86,250
(4)
|
$
32.1
(5)
|
D
|
Â
|
Performance Shares
|
Â
(6)
|
Â
(6)
|
Common Stock
|
21,000
(6)
|
$
0
|
D
|
Â
|
Performance Shares
|
Â
(7)
|
Â
(7)
|
Common Stock
|
16,666
(8)
|
$
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) |
Options vest at a rate of 25% one year after grant date, 2.08% per month for the following 12 months, and 4.17% per month for the remaining 12 months. |
(2) |
Options vest at a rate of 2.08% per month for 48 months. |
(3) |
Options vest at a rate of 4.167% twenty-five months following the grant date and 4.167% on a monthly basis thereafter. |
(4) |
Shares were received pursuant to the merger agreement with Adobe Systems Incorporated in exchange for shares of Macromedia, Inc. common stock based on an exchange ratio of 1.38. |
(5) |
Pursuant to the merger agreement between Adobe Systems Incorporated and Macromedia, Inc., the exercise price of Adobe Systems Incorporated stock options is equal to the exercise price of the Macromedia stock options divided by 1.38. |
(6) |
Represents the maximum number of Performance Shares that will be earned, if at all, following Adobe's 2007 fiscal year based on the achievement of certain performance criteria during the 2006 and 2007 fiscal years. 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 14,000 shares. |
(7) |
Vesting of the Performance Share Units will be 25% after the first anniversary of the grant date upon certification of performance goal achievement with the remaining Units vesting 25% annually on the second, third, and fourth anniversary of the grant date. |
(8) |
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 2007 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 8,333 shares. |