ADOBE INC. — Director's Dealing 2013

Mar 25, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2013-03-22

Reporting Person: Wadhwani David (SVP & GM, Digital Media)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-22	Common Stock	M	8030	$25.4100	Acquired	31611	Direct
2013-03-22	Common Stock	M	1959	$19.9300	Acquired	33570	Direct
2013-03-22	Common Stock	S	12183	$43.1556	Disposed	21387	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-22	Stock Options (right to buy)	$25.4100	M	8030	Disposed	2015-02-11	Common Stock (8030)	Direct
2013-03-22	Stock Options (right to buy)	$19.9300	M	1959	Disposed	2016-01-26	Common Stock (1959)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $43.15 to $43.175. 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 on December 3, 2005 are fully vested and exercisable.

F3: Options granted on January 26, 2009 are fully vested and exercisable.