ADOBE INC. — Director's Dealing 2016

Jul 11, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2016-07-11

Reporting Person: BARNHOLT EDWARD W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-11	Common Stock	M	25000	$37.09	Acquired	58124	Direct
2016-07-11	Common Stock	S	25000	$97.2453	Disposed	33124	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-11	Stock Options (right to buy)	$37.09	M	25000	Disposed	2018-04-10	Common Stock (25000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5000	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $97.06 to $97.38. 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 Barnholt Family Trust.

F3: Options granted April 10, 2008 are fully vested and exercisable.