This excerpt taken from the ADBE 8-K filed Dec 7, 2005.
(d) Appointment of Director
Effective as of the effective time of the Merger on December 3, 2005, Robert K. Burgess, who previously served as Executive Chairman and as a director of Macromedia, was appointed to the board of directors of Adobe pursuant to the terms of the Merger Agreement. Mr. Burgess was designated as a Class II director of Adobe, to serve until Adobes 2007 annual meeting of stockholders, or until his successor is duly elected and qualified. Mr. Burgess has not been appointed to any committee of the board of directors.
As a result of the Merger, 114,037 shares of Macromedia common stock beneficially owned by Mr. Burgess were converted into the right to receive 157,370 shares of Adobe common stock and options to purchase 939,752 shares of Macromedia common stock held by Mr. Burgess were converted into options to purchase 1,296,856 shares of Adobe common stock. See the section entitled Merger with Macromedia in Item 2.01 above.