ADOBE INC. — Director's Dealing 2014

Aug 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2014-08-15

Reporting Person: Rencher Bradley (SVP & GM, Digital Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-15	Common Stock	M	7500	—	Acquired	50457	Direct
2014-08-15	Common Stock	F	3521	$70.07	Disposed	46936	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-15	Restricted Stock Units	$0.0	M	7500	Disposed		Common Stock (7500.0)	Direct

Footnotes

F1: Includes 776 shares acquired on June 30, 2014 pursuant to Adobe's 1997 Employee Stock Purchase Plan, as amended.

F2: Shares surrendered to pay tax liability due at vesting of Restricted Stock Units.

F3: Vests annually at a rate of 25% of the original grant of 30,000 Restricted Stock Units on the first, second, third and fourth anniversaries of the August 15, 2010 vesting commencement date. This Restricted Stock Unit award vested in full on August 15, 2014.