ADOBE INC. — Director's Dealing 2012

Apr 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2012-04-11

Reporting Person: WARNOCK JOHN E (Director, Co-Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-11	Common Stock	G	3000	—	Disposed	1023667	Direct
2012-04-11	Common Stock	S	40000	$32.7766	Disposed	983667	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-13	Stock Option (right to buy)	$33.18	A	21258	Acquired	2019-04-13	Common Stock (21258)	Direct

Footnotes

F1: Bona fide gift of securities by reporting person-no consideration received.

F2: This transaction was executed in multiple trades at prices ranging from $32.69 to $32.86. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

F3: Options vest and become exercisable 100% on the day preceding the Issuer's next annual meeting of stockholders.