ADOBE INC. — Director's Dealing 2011

Jun 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2011-06-22

Reporting Person: Wadhwani David (SVP Creative & Media Solutions)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-22	Common Stock	M	5000	$00.00	Acquired	9298	Direct
2011-06-22	Common Stock	F	2334	$30.01	Disposed	6964	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-22	Restricted Stock Units	$0	M	5000	Disposed		Common Stock (5000)	Direct

Footnotes

F1: Shares surrendered to pay tax liability due at vesting of Restricted Stock Units.

F2: The remaining Restricted Stock Units will vest in equal installments on the second, third and fourth anniversary of the grant date.