ADOBE INC. — Director's Dealing 2015

Aug 18, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2015-08-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-08-16	Common Stock	M	56250	—	Acquired	56250	Direct
2015-08-16	Common Stock	F	29351	$86.12	Disposed	26899	Direct
2015-08-17	Common Stock	S	26899	$86.494	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-08-16	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 14, 2015, as the 2015 vesting date was Sunday, August 16, 2015.

F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person July 31, 2014.

F3: This transaction was executed in multiple trades at prices ranging from $86.31 to $86.64. 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.

F4: Shares held by the Garrett Living Trust, dtd 11/15/91 of which the reporting person is a trustee.

F5: Shares held by the Garrett Family Investment Partnership LP.

F6: Vests at a rate of 25% annually on the first, second, third and fourth anniversaries of the August 16, 2012 grant date.