ADOBE INC. — Director's Dealing 2012

May 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2012-05-14

Reporting Person: Banse Amy (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-14	Restricted Stock Units	$0	A	13639	Acquired		Common Stock (13639)	Direct

Footnotes

F1: The number of shares is based on the restricted stock unit award having an aggregate value of $450,000 divided by the average stock price of a share of the Issuer's common stock as reported on the NASDAQ Global Select Market over the 30 calendar days preceding the date of grant.

F2: Vests at a rate of 50% annually on the first and second anniversaries of the May 14, 2012 grant date.