ADOBE INC. — Director's Dealing 2010

Jan 11, 2010

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2009-11-27

Reporting Person: NARAYEN SHANTANU (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-06-30	Common Stock	J	1086	$19.567	Acquired	165213	Indirect

Footnotes

F1: Shares acquired on June 30, 2009 pursuant to Adobe's 1997 Employee Stock Purchase Plan.

F2: Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.