ADOBE INC. — Director's Dealing 2013

Sep 20, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2013-09-20

Reporting Person: DALEY JAMES E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-09-20	Common Stock	M	25000	$35.95	Acquired	40086	Direct
2013-09-20	Common Stock	S	25000	$52.70	Disposed	15086	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-09-20	Stock Option (right to buy)	$35.95	M	25000	Disposed	2016-03-29	Common Stock (25000)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $52.5 to $52.9. 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.

F2: Options granted March 29, 2006 are fully vested and exercisable.