ADOBE INC. — Director's Dealing 2012

Dec 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2012-12-15

Reporting Person: Wadhwani David (SVP, Digital Media BU)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-15	Common Stock	M	7500	$00.00	Acquired	20498	Direct
2012-12-15	Common Stock	F	3501	$37.56	Disposed	16997	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-15	Restricted Stock Units	$0	M	7500	Disposed		Common Stock (7500)	Direct

Footnotes

F1: Shares surrendered to pay tax liability due at vesting of Restricted Stock Units. Shares were calculated using the closing price on December 14, 2012 as the 2012 vesting date was Saturday, December 15, 2012.

F2: Vests at a rate of 50% on December 15, 2011, the initial vest date, and then 25% annually on the first and second anniversary of the initial vest date. The remaining units will vest on December 15, 2013 as to the remaining 7,500 shares.