What will Macromedia option holders receive in the merger?
Subject to certain exceptions, each Macromedia stock option that is outstanding and unexercised immediately prior to the closing will be converted into an option to purchase Adobe common stock. Adobe will assume that stock option (or will replace that stock option by issuing a materially equivalent replacement stock option to purchase Adobe common stock) in accordance with the terms of the applicable Macromedia stock option plan and terms of the stock option agreement relating to that Macromedia stock option.
