PRIMECAP MANAGEMENT CO/CA/
SC 13G, 1997-05-01
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<PAGE>

                     SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                                SCHEDULE 13G

                 Under the Securities Exchange Act of 1934
                          (Amendment No.       )*
                                         ------

                             Adobe Systems, Inc.
                     ----------------------------------
                              (Name of Issuer)

                                   Common
                     ----------------------------------
                       (Title of Class of Securities)

                                 00724F101
                     ----------------------------------
                              (CUSIP Number)

   Check the  following box if a fee is being paid with this statement / /.  (A 
fee is not required only if the filing person:  (1) has a previous statement on 
file reporting  beneficial  ownership of more than five percent of the class of 
securities  described in Item 1;  and (2)  has  filed no  amendment  subsequent 
thereto reporting  beneficial ownership of five percent or less of such class.) 
(See Rule 13d-7.)

   *The remainder of  this cover  page  shall  be  filled  out  for a reporting 
person's  initial  filing on this  form with  respect to the  subject  class of 
securities,  and for any  subsequent  amendment  containing  information  which 
would alter the disclosures provided in a prior page.

   The information  required in the  remainder of this  cover page shall not be 
deemed to be "filed"  for the purpose of  Section 18 of the Securities Exchange 
Act of 1934  ("Act") or otherwise subject to the liabilities of that section of 
the Act but shall be subject to all other  provisions of the Act  (however, see 
the Notes).


                        (Continued on following page(s))


                              Page 1 of  4  Pages
                                        --- 

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CUSIP No. 00724F101                    13G                 Page 1  of  1  Pages
          ---------                                            ---    --- 

- -------------------------------------------------------------------------------
 (1) Names of Reporting Persons.  S.S. or I.R.S.  Identification Nos. of  Above 
     Persons

           PRIMECAP Management Company      95-3868081
- -------------------------------------------------------------------------------
 (2) Check the Appropriate Box if a Member     (a)  / /
     of a Group*                               (b)  / /
- -------------------------------------------------------------------------------
 (3) SEC Use Only

- -------------------------------------------------------------------------------
 (4) Citizenship or Place of Organization

           225 So. Lake Avenue #400, Pasadena, CA  91101-3005
- -------------------------------------------------------------------------------
Number of Shares              (5) Sole Voting
 Beneficially                       Power                4,012,515
 Owned by                    --------------------------------------------------
 Each Reporting               (6) Shared Voting
 Person With                        Power                   -0-
                             --------------------------------------------------
                              (7) Sole Dispositive
                                    Power                4,012,515
                             --------------------------------------------------
                              (8) Shared Dispositive
                                    Power                   -0-
- -------------------------------------------------------------------------------
 (9) Aggregate Amount Beneficially Owned by Each Reporting Person
                        4,012,515
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*

- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
                        5.41%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
                        IA
- -------------------------------------------------------------------------------
                     *SEE INSTRUCTION BEFORE FILLING OUT!

                            Page  2  of  4  Pages
                                 ---    --- 
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    (c) Number of shares as to which such person has:

          (i) sole power to vote or to direct the vote

              -----------------------------------------------------------------
         (ii) shared power to vote or to direct the vote

              -----------------------------------------------------------------
        (iii) sole power to dispose or to direct the disposition of

              -----------------------------------------------------------------
         (iv) shared power to dispose or to direct the disposition of

              -----------------------------------------------------------------

INSTRUCTION:  For computations regarding  securities which represent a right to 
acquire an underlying security see Rule 13d-3(d)(1)


ITEM 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

    If this statement is  being filed to  report the  fact that as of  the date 
hereof the reporting person has  ceased to be the beneficial owner of more than 
five percent of the class of securities, check the following.  / /

INSTRUCTION: Dissolution of a group requires a response to this item.


ITEM 6.  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

    If any other  person is known to have the right to  receive or the power to 
direct the  receipt of dividends from,  or the proceeds from  the sale of, such 
securities,  a statement to that effect should be  included in response to this 
item and, if such interest relates to more than five percent of the class, such 
person  should be identified.  A listing of  the shareholders of an  investment 
company  registered   under  the  Investment  Company  Act   of  1940   or  the 
beneficiaries of  employee benefit plan,  pension fund or endowment fund is not 
required.


ITEM 7.  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
         THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

    If a  parent  holding company  has filed this  schedule,  pursuant to  Rule 
13d-1(b)(ii)(G), so indicate under  Item 3(g) and attach an exhibit stating the 
identity and the Item 3  classification of the relevant subsidiary. If a parent 
holding company has filed this  schedule pursuant to  Rule 13d-1(c),  attach an 
exhibit stating the identification of the relevant subsidiary.


ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

    If a  group has filed  this schedule  pursuant to  Rule 13d-1(b)(ii)(H), so 
indicate under Item 3(g) and attach an exhibit stating the identity and  Item 3 
classification  of  each  member  of  the  group.  If a  group has  filed  this 
schedule pursuant to Rule 13d-1(c),  attach an exhibit  stating the identity of 
each member of the group.


ITEM 9.  NOTICE OF DISSOLUTION OF GROUP

    Notice of dissolution of a group may be furnished as an exhibit stating the 
date  of  the  dissolution  and  that  all  further  filings  with  respect  to 
transactions in the security reported on will be filed, if required, by members 
of the group in their individual capacity.  See Item 5.


ITEM 10. CERTIFICATION

    The following  certification shall be  included  if the  statement is filed 
pursuant to Rule 13d-1(b):
    By signing below I certify  that,  to the best of my  knowledge and belief, 
the  securities  referred to above  were  acquired in the  ordinary  course  of 
business and were not acquired for the purpose of and do not have the effect of 
changing or  influencing the  control of the issuer of such securities and were 
not acquired in  connection with or as a participant in any  transaction having 
such purposes or effect.

                                  SIGNATURE

    After  reasonable  inquiry and to the  best of my  knowledge and  belief, I 
certify that the  information set forth in this statement is true, complete and 
correct.
                                               April 16, 1997
                                       ----------------------------------------
                                       (Date)
                                         /s/ Theo A. Kolokotrones
                                       ----------------------------------------
                                       (Signature)
                                             Theo A. Kolokotrones, President
                                       ----------------------------------------
                                       (Name/Title)


                            Page  3  of  4  Pages
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    The original  statement shall be signed by each  person on whose behalf the 
statement  is filed  or his  authorized  representative.   If the  statement is 
signed on  behalf of a  person by his  authorized representative  other than an 
executive  officer or  general  partner of the  filing person,  evidence of the 
representative's authority to sign on behalf of such person shall be filed with 
the statement,  provided,  however,  that a power of attorney  for this purpose 
which is already on file with the Commission  may be incorporated by reference. 
The name an any title of each person who signs the statement  shall be typed or 
printed beneath his signature.

NOTE:  Six copies of  this statement,  including all exhibits,  should be filed 
with the Commission.

ATTENTION:   INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT  CONSTITUTE FEDERAL 
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)


                            Page  4  of  4  Pages
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