ADOBE INC. — Director's Dealing 2016

Jan 27, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2016-01-24

Reporting Person: LAMKIN BRYAN (EVP & GM, Digital Media)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-24	Common Stock	M	9150	—	Acquired	22926	Direct
2016-01-24	Common Stock	F	3496	$89.63	Disposed	19430	Direct
2016-01-24	Common Stock	M	8034	—	Acquired	27464	Direct
2016-01-24	Common Stock	F	3899	$89.63	Disposed	23565	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-24	Restricted Stock Units	$0.0	M	9150	Disposed		Common Stock (9150.0)	Direct
2016-01-24	Restricted Stock Units	$0.0	M	8034	Disposed		Common Stock (8034.0)	Direct
2016-01-25	Performance Shares	$0.0	A	51710	Acquired		Common Stock (51710.0)	Direct
2016-01-25	Restricted Stock Units	$0.0	A	25855	Acquired		Common Stock (25855.0)	Direct

Footnotes

F1: Shares surrendered to pay tax liability due at vesting.

F2: RSU award granted on January 24, 2014 vests at a rate of 1/3 annually on the first, second and third anniversaries of the grant date. The remaining units will vest on January 24, 2017.

F3: Vests 1/3 on each of January 24, 2016, January 24, 2017 and January 24, 2018.

F4: The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2016 vesting commencement date, if the performance goal is achieved.

F5: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.