ADOBE INC. — Director's Dealing 2018

Jul 24, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2018-07-20

Reporting Person: Parasnis Abhay (EVP & CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-07-20	Common Stock	M	41750	—	Acquired	62575	Direct
2018-07-20	Common Stock	F	20699	$257.54	Disposed	41876	Direct
2018-07-24	Common Stock	S	10500	$260.0055	Disposed	31376	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-07-20	Restricted Stock Units	$0.0	M	41750	Disposed		Common Stock (41750.0)	Direct

Footnotes

F1: Includes 140 shares acquired on June 29, 2018 pursuant to Adobe's 1997 Employee Stock Purchase Plan, as amended.

F2: Shares surrendered to pay tax liability due at vesting of Restricted Stock Units.

F3: This transaction was executed in multiple trades at prices ranging from $259.97 to $260.14. 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.

F4: Vests at a rate of 50% on each of the second and third anniversaries of the July 20, 2015 vesting commencement date.