ADOBE INC. — Director's Dealing 2013

Oct 16, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2013-10-16

Reporting Person: BURGESS ROBERT K (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-07-18	Common Stock	G	665	—	Disposed	115249	Indirect
2013-10-16	Common Stock	M	25000	$35.2500	Acquired	140249	Indirect
2013-10-16	Common Stock	S	50000	$51.8656	Disposed	90249	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-10-16	Stock Option (right to buy)	$35.25	M	25000	Disposed	2015-12-05	Common Stock (25000)	Direct

Footnotes

F1: Shares transferred as a bona fide gift without any consideration received.

F2: Includes 1,620 shares held in trust for the benefit of the children of Mr. Burgess.

F3: Shares held by The Burgess Family Trust, dtd 07/23/98 of which reporting person is a trustee.

F4: This transaction was executed in multiple trades at prices ranging from $51.81 to $51.915. 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.

F5: Options granted December 5, 2005 are fully vested and exerciseable.