ADOBE INC. — Director's Dealing 2011

Apr 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2011-04-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-20	Common Stock	M	5946	—	Acquired	230446	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-20	Restricted Stock Units	$0	M	5946	Disposed		Common Stock (5946)	Direct
2011-04-25	Stock Option (right to buy)	$33.23	A	21276	Acquired	2018-04-25	Common Stock (21276)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	36000	Indirect
Common Stock	36000	Indirect

Footnotes

F1: Shares held by The Geschke Family Trust.

F2: Reporting person is the trustee of The Charles M. Geschke 2010 Annuity Trust No. 1.

F3: Reporting person's spouse is the trustee of The Nancy A. Geschke 2010 Annuity Trust No. 1.

F4: This restricted stock unit award vested in full on April 20, 2011.

F5: Options vest and become exercisable 100% on the day preceding the Issuer's next annual meeting of stockholders.