Specifications | Merrill Document Readback jvangb |
Business section |

Specifications | Merrill Document Readback jvangb |
Business section |
Specifications | Merrill Document Readback jvangb |
Outline | Table of Contents Part I - Financial Information Item 1. Condensed Consolidated Financial Statements Condensed Consolidated Balance Sheets Condensed Consolidated Statements of Income Condensed Consolidated Statements of Cash Flows Notes to Condensed Consolidated Financial Statements Note 1. Summary of Significant Accounting Policies Note 2. Cash, Cash Equivalents and Short-Term Investments Note 3. Financial Instruments Note 4. Acquisitions Note 5. Goodwill and Purchased Intangibles Note 6. Other Assets Note 7. Accrued Expenses Note 8. Stock-Based Compensation Note 9. Employee Benefit Plan Note 10. Restructuring Charges Note 11. Stockholders Equity Note 12. Comprehensive Income Note 13. Net Income Per Share Note 14. Commitments and Contingencies Note 15. Credit Agreement Note 16. Non-Operating Income (Expense) Note 17. Segments Note 18. Subsequent Events |
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Content | ADOBE SYSTEMS INCORPORATED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued) (Unaudited) 18 Information regarding restricted stock units outstanding at August 28, 2009 and August 29, 2008 is summarized below: Number of Shares (thousands) Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value(*) (millions) 2009 Restricted stock units outstanding . 6,319 1.70 $ 200.5 Restricted stock units vested and expected to vest. 4,978 1.52 $ 157.8 2008 Restricted stock units outstanding . 4,025 1.91 $ 172.4 Restricted stock units vested and expected to vest. 3,083 1.69 $ 132.0 _________________________________________ (*) The intrinsic value is calculated as the market value as of the end of the fiscal period. As reported by the NASDAQ Global Select Market, the market values as of August 28, 2009 and August 29, 2008 were $31.73 and $42.83, respectively. Summary of Performance Shares Effective January 26, 2009, the Executive Compensation Committee adopted the 2009 Performance Share Program (the “2009 Program”). The purpose of the 2009 Program is to align key management and senior leadership with stockholders’ interests and to retain key employees. The measurement period for the 2009 Program is our fiscal 2009 year. All members of our executive management and other key senior leaders are participating in the 2009 Program. Awards granted under the 2009 Program were granted in the form of performance shares pursuant to the terms of our 2003 Equity Incentive Plan. If pre-determined performance goals are met, shares of stock will be granted to the recipient, with 25% vesting on the later of the date of certification of achievement or the first anniversary date of the grant, and the remaining 75% vesting evenly on the following three annual anniversary dates of the grant, contingent upon the recipient’s continued service to Adobe. Participants in the 2009 Program have the ability to receive up to 115% of the target number of shares originally granted. The following table sets forth the summary of performance share activity under our 2009 Program for the nine months ended August 28, 2009 (in thousands): Shares Granted Maximum Shares Eligible to Receive Beginning outstanding balance . — — Awarded . 558 642 Forfeited . (3 ) (4 ) Ending outstanding balance . 555 638 In the first quarter of fiscal 2009, the Executive Compensation Committee certified the actual performance achievement of participants in the 2008 Performance Share Program (the “2008 Program”). Based upon the achievement of goals outlined in the 2008 Program, participants had the ability to receive up to 200% of the target number of shares originally granted. Actual performance resulted in participants achieving approximately 124% of target or approximately 1.0 million shares for the 2008 Program. Shares under the 2008 Program vested 25% in the first quarter of fiscal 2009, and the remaining 75% vest evenly on the following three annual anniversary dates of the grant, contingent upon the recipient’s continued service to Adobe. |
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Following Datasheets | 10Singapore_brand_name_fuels_air_show_success (1 pages) 11_1_1 (1 pages) 11_2_1 (2 pages) 11_4_1 (1 pages) 110033AE (2 pages) 110111AdobeAcquiresAuditude (2 pages) 110121AE (4 pages) 110125-1 (3 pages) 110134AE (8 pages) 110201 (3 pages) |
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