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: 2014-08-16

Reporting Person: GARRETT MARK (EVP, CFO & Asst. Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-16	Common Stock	M	56250	—	Acquired	56250	Direct
2014-08-16	Common Stock	F	29351	$70.07	Disposed	26899	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-16	Restricted Stock Units	$0.0	M	56250	Disposed		Common Stock (56250.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50000	Indirect
Common Stock	107	Indirect

Footnotes

F1: Shares surrendered to pay tax liability due at vesting of Restricted Stock Units. Shares were calculated using the closing price on August 15, 2014 as the 2014 vesting date was Saturday, August 16, 2014.

F2: Shares held by the Garrett Living Trust, dtd 11/15/91 of which reporting person is a trustee.

F3: Shares held by the Garrett Family Investment Partnership LP.

F4: Vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the August 16, 2012 grant date.