ADOBE INC. — Director's Dealing 2011

Jan 18, 2011

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2010-12-03

Reporting Person: GESCHKE CHARLES M (Director, Co-Chairman of the Board)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	224500	Indirect
Common Stock	36000	Indirect
Common Stock	36000	Indirect

Footnotes

F1: Includes the transfer of 18,398 shares from The Charles M. Geschke 2008 Annuity Trust No. 5 and 18,398 shares from The Nancy A. Geschke 2008 Annuity Trust No. 5 on December 22, 2010, in accordance with the terms of the GRATs.

F2: Represents the transfer of 36,000 shares from The Geschke Family Trust to The Charles M. Geschke 2010 Annuity Trust No. 1 on October 29, 2010.

F3: Represents the transfer of 36,000 shares from The Geschke Family Trust to The Nancy A. Geschke 2010 Annuity Trust No. 1 on October 29, 2010.

F4: Reporting person is the trustee of The Charles M. Geschke 2010 Annuity Trust No. 1.

F5: Reporting person's spouse is the trustee of The Nancy A. Geschke 2010 Annuity Trust No. 1.