ADOBE INC. — Director's Dealing 2016

Mar 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2016-03-21

Reporting Person: GESCHKE CHARLES M (Director, Co-Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-21	Common Stock	M	25000	$42.61	Acquired	321547	Indirect
2016-03-21	Common Stock	S	25000	$92.475	Disposed	296547	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-21	Stock Options (right to buy)	$42.61	M	25000	Disposed	2017-04-06	Common Stock (25000.0)	Direct

Footnotes

F1: Shares held by The Geschke Family Trust.

F2: This transaction was executed in multiple trades at prices ranging from $92.32 to $92.55. 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.

F3: Options granted April 6, 2007 are fully vested and exercisable.