ADOBE INC. — Director's Dealing 2015

Oct 23, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2015-10-23

Reporting Person: SEDGEWICK ROBERT (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-23	Common Stock	M	15942	$23.28	Acquired	91863	Direct
2015-10-23	Common Stock	S	15942	$88.9752	Disposed	75921	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-23	Stock Options (right to buy)	$23.28	M	15942	Disposed	2016-04-02	Common Stock (15942.0)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $88.655 to $89.09. 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 April 2, 2009 are fully vested and exercisable.