TOWNSLEY THERESA 4
4 · ADOBE SYSTEMS INC · Filed Oct 14, 2003
Insider Transaction Report
Form 4
TOWNSLEY THERESA
SVP, Human Resources
Transactions
- Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2003-10-10−57,291→ 67,709 totalExercise: $26.95From: 2003-10-10Exp: 2009-11-02→ Common Stock (57,291 underlying) - Sale
Common Stock
2003-10-10$41.86/sh−53,891$2,255,716→ 17,131 total - Exercise/Conversion
Common Stock
2003-10-10$26.95/sh+57,291$1,543,992→ 71,022 total
Footnotes (1)
- [F1]Vests and becomes exercisable at a rate of 2.08% per month for the first 24 months, then 4.17% per month for the next 12 months. Option includes provision permitting the reporting person to elect to have shares withheld upon exercise to satisfy withholding tax obligations.