ADOBE INC. — Director's Dealing 2013

Jun 21, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2013-06-20

Reporting Person: GARRETT MARK (EVP, CFO & Asst. Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-06-20	Common Stock	M	224505	$39.2500	Acquired	292352	Direct
2013-06-20	Common Stock	S	224505	$44.9519	Disposed	67847	Direct
2013-06-21	Common Stock	M	7771	$39.2500	Acquired	75618	Direct
2013-06-21	Common Stock	S	7771	$44.9500	Disposed	67847	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-06-20	Stock Option (right to buy)	$39.25	M	224505	Disposed	2014-02-15	Common Stock (224505)	Direct
2013-06-21	Stock Option (right to buy)	$39.25	M	7771	Disposed	2014-02-15	Common Stock (7771)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50000	Indirect

Footnotes

F1: The option exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person April 2, 2013.

F2: This transaction was executed in multiple trades at prices ranging from $44.95 to $45. 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: Shares held by the Garrett Living Trust, dtd 11/15/91 of which reporting person is a trustee.

F4: Options granted February 15, 2007 are fully vested and exercisable.