Adobe executives have been cashing in on the company's stock-market gains, exercising and selling share options to pocket the change.
The executives, who include executive vice president Shantanu Nrayen and senior vice president of digital imaging and video products Bryan Lamkin, exercised options to buy shares at between $8.45 and $27.69.
Narayen acquired 230,150 shares, selling 219,044 of these at $39.50 for a gain of $2.3 million; Lamkin bought 162,688 shares and sold 154,041 for $39.42 each, for $1.8 million profit.
Other Adobe staffers also exercised share options, reports the Mercury News.
Adobe shares closed at $45.15 last night.