ADOBE INC. — Director's Dealing 2015

Apr 29, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2015-04-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-04-28	Common Stock	M	1900	$34.16	Acquired	47277	Direct
2015-04-28	Common Stock	M	17090	$34.03	Acquired	64367	Direct
2015-04-28	Common Stock	S	23209	$76.1467	Disposed	41158	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-04-28	Stock Options (right to buy)	$34.16	M	1900	Disposed	2017-01-25	Common Stock (1900.0)	Direct
2015-04-28	Stock Options (right to buy)	$34.03	M	17090	Disposed	2018-01-24	Common Stock (17090.0)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $76.05 to $76.58. 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 January 25, 2010 are fully vested and exercisable.

F3: Options granted January 24, 2011 are fully vested and exercisable.