ADOBE INC. — Director's Dealing 2016

Apr 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2016-03-30

Reporting Person: DALEY JAMES E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-30	Common Stock	M	2840	$33.82	Acquired	27500	Direct
2016-03-30	Common Stock	S	2840	$94	Disposed	24660	Direct
2016-04-01	Common Stock	M	5000	$33.82	Acquired	29660	Direct
2016-04-01	Common Stock	S	5000	$95	Disposed	24660	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-30	Stock Option (right to buy)	$33.82	M	2840	Disposed	2017-04-19	Common Stock (2840.0)	Direct
2016-04-01	Stock Option (right to buy)	$33.82	M	5000	Disposed	2017-04-19	Common Stock (5000.0)	Direct

Footnotes

F1: Options granted April 19, 2010 are fully vested and exercisable.