ADOBE INC. — Director's Dealing 2014

Mar 24, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2014-03-20

Reporting Person: DALEY JAMES E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-20	Common Stock	M	5000	$42.61	Acquired	20086	Direct
2014-03-20	Common Stock	S	5000	$69.00	Disposed	15086	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-20	Stock Option (right to buy)	$42.61	M	5000	Disposed	2017-04-06	Common Stock (5000)	Direct

Footnotes

F1: Options granted April 6, 2007 are fully vested and exercisable.