ADOBE INC. — Director's Dealing 2017

Jan 23, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2017-01-20

Reporting Person: DALEY JAMES E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-20	Common Stock	M	10000	$33.23	Acquired	38086	Direct
2017-01-20	Common Stock	S	10000	$110.02	Disposed	28086	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-20	Stock Option (right to buy)	$33.23	M	10000	Disposed	2018-04-25	Common Stock (10000.0)	Direct

Footnotes

F1: Options granted April 25, 2011 are fully vested and exercisable.