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ADOBE INC. Director's Dealing 2015

Apr 15, 2015

29815_dirs_2015-04-15_ac353cfe-e8d7-4a98-ad03-d572e21755bb.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2015-04-13

Reporting Person: WARNOCK JOHN E (Director, Co-Chairman of the Board)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-04-13 Common Stock S 15000 $76.1557 Disposed 708703 Indirect
2015-04-14 Common Stock M 8382 $45.03 Acquired 717085 Indirect
2015-04-14 Common Stock M 21258 $33.18 Acquired 738343 Indirect
2015-04-14 Common Stock M 21276 $33.23 Acquired 759619 Indirect
2015-04-14 Common Stock M 15942 $23.28 Acquired 775561 Indirect
2015-04-14 Common Stock S 66858 $75.0386 Disposed 708703 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2015-04-14 Stock Options (right to buy) $45.03 M 8382 Disposed 2020-04-12 Common Stock (8382.0) Direct
2015-04-14 Stock Options (right to buy) $33.18 M 21258 Disposed 2019-04-13 Common Stock (21258.0) Direct
2015-04-14 Stock Options (right to buy) $33.23 M 21276 Disposed 2018-04-25 Common Stock (21276.0) Direct
2015-04-14 Stock Options (right to buy) $23.28 M 15942 Disposed 2016-04-02 Common Stock (15942.0) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 22868 Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $76.15 to $76.18. 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: Shares held by The Warnock Family Trust uad 08/27/12 of which the reporting person is a trustee.

F3: This transaction was executed in multiple trades at prices ranging from $75.90 to $76.34. 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: Options granted April 12, 2013 are fully vested and exercisable.

F5: Options granted April 13, 2012 are fully vested and exercisable.

F6: Options granted April 25, 2011 are fully vested and exercisable.

F7: Options granted April 2, 2009 are fully vested and exercisable.