ADOBE INC. — Director's Dealing 2012

Nov 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2012-11-15

Reporting Person: Rencher Bradley (SVP, Digital Marketing BU)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-15	Common Stock	M	154	$00.00	Acquired	18299	Direct
2012-11-15	Common Stock	F	63	$32.64	Disposed	18236	Direct
2012-11-15	Common Stock	M	966	$00.00	Acquired	19202	Direct
2012-11-15	Common Stock	F	400	$32.64	Disposed	18802	Direct
2012-11-15	Common Stock	M	4169	$00.00	Acquired	22971	Direct
2012-11-15	Common Stock	F	1728	$32.64	Disposed	21243	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-15	Restricted Stock Units	$0	M	154	Disposed		Common Stock (154)	Direct
2012-11-15	Restricted Stock Units	$0	M	966	Disposed		Common Stock (966)	Direct
2012-11-15	Restricted Stock Units	$0	M	4169	Disposed		Common Stock (4169)	Direct

Footnotes

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

F2: The remaining units will vest in equal installments of 154 shares on February 15, 2013 and May 15, 2013.

F3: The remaining units will vest on February 15, 2013 as to 966 shares, May 15, 2013 as to 965 shares, and August 15, 2013 as to the remaining 966 shares.

F4: The remaining units will vest on November 15, 2013 as to the remaining 4,168 shares.