ADOBE INC. — Director's Dealing 2017

Jan 26, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2017-01-24

Reporting Person: ROWLEY RICHARD (VP, Corp. Controller & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-24	Common Stock	M	10098	—	Acquired	10098	Direct
2017-01-24	Common Stock	F	4509	$113.72	Disposed	5589	Direct
2017-01-24	Common Stock	M	1700	—	Acquired	7289	Direct
2017-01-24	Common Stock	F	638	$113.72	Disposed	6651	Direct
2017-01-24	Common Stock	M	1950	—	Acquired	8601	Direct
2017-01-24	Common Stock	F	1017	$113.72	Disposed	7584	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-24	Performance Shares	$0.0	M	10098	Disposed		Common Stock (10098.0)	Direct
2017-01-24	Restricted Stock Units	$0.0	M	1700	Disposed		Common Stock (1700.0)	Direct
2017-01-24	Restricted Stock Units	$0.0	M	1950	Disposed		Common Stock (1950.0)	Direct

Footnotes

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

F2: The Performance Shares vested in full upon the certification of performance goal achievement at 198% following the three-year anniversary of the January 24, 2014 grant date.

F3: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2014 vesting commencement date.

F4: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.