ADOBE INC. — Director's Dealing 2013

Jun 28, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2013-06-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-06-26	Common Stock	M	42724	$39.2500	Acquired	110571	Direct
2013-06-26	Common Stock	M	120000	$34.6400	Acquired	230571	Direct
2013-06-26	Common Stock	M	5276	$19.9300	Acquired	235847	Direct
2013-06-26	Common Stock	S	168000	$44.9500	Disposed	67847	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-06-26	Stock Option (right to buy)	$39.25	M	42724	Disposed	2014-02-15	Common Stock (42724)	Direct
2013-06-26	Stock Option (right to buy)	$34.64	M	120000	Disposed	2015-01-24	Common Stock (120000)	Direct
2013-06-26	Stock Option (right to buy)	$19.93	M	5276	Disposed	2016-01-26	Common Stock (5276)	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: Shares held by the Garrett Living Trust, dtd 11/15/91 of which reporting person is a trustee.

F3: Options granted February 15, 2007 are fully vested and exercisable.

F4: Options granted January 24, 2008 are fully vested and exercisable.

F5: Options granted January 26, 2009 are fully vested and exercisable.