ADOBE INC. — Director's Dealing 2012

Jun 22, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2012-06-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-22	Common Stock	M	5000	$00.000	Acquired	16456	Direct
2012-06-22	Common Stock	F	2334	$31.565	Disposed	14122	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-22	Restricted Stock Units	$0	M	5000	Disposed		Common Stock (5000)	Direct

Footnotes

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

F2: Vests at a rate of 25% annually on the first, second, third and fourth anniversary of the June 22, 2010 grant date. The remaining units will vest in equal installments of 5,000 shares on June 22, 2013 and June 22, 2014.