ADOBE INC. — Director's Dealing 2011

Apr 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2011-04-15

Reporting Person: Wadhwani David (SVP, Creative & Interactive)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-15	Common Stock	M	930	$00.00	Acquired	4639	Direct
2011-04-15	Common Stock	F	341	$34.51	Disposed	4298	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-15	Performance Shares	$0	M	930	Disposed		Common Stock (930)	Direct

Footnotes

F1: Shares surrendered to pay tax liability due at vesting of Performance Shares.

F2: The remaining Performance Share Units will vest on April 15, 2012, the fourth anniversary of the April 15, 2008 vesting commencement date.