ADOBE INC. — Director's Dealing 2018

Jan 26, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE SYSTEMS INC (ADBE)
CIK: 0000796343
Period of Report: 2018-01-24

Reporting Person: THOMPSON MATTHEW (EVP WW Field Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-24	Common Stock	M	68800	—	Acquired	118800	Indirect
2018-01-24	Common Stock	F	33372	$197.78	Disposed	85428	Indirect
2018-01-24	Common Stock	M	11466	—	Acquired	96894	Indirect
2018-01-24	Common Stock	F	5684	$197.78	Disposed	91210	Indirect
2018-01-24	Common Stock	M	9525	—	Acquired	100735	Indirect
2018-01-24	Common Stock	F	4722	$197.78	Disposed	96013	Indirect
2018-01-24	Common Stock	M	9444	—	Acquired	105457	Indirect
2018-01-24	Common Stock	F	4682	$197.78	Disposed	100775	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-24	Performance Shares	$0.0	M	68800	Disposed		Common Stock (68800.0)	Direct
2018-01-24	Restricted Stock Units	$0.0	M	11466	Disposed		Common Stock (11466.0)	Direct
2018-01-24	Restricted Stock Units	$0.0	M	9525	Disposed		Common Stock (9525.0)	Direct
2018-01-24	Restricted Stock Units	$0.0	M	9444	Disposed		Common Stock (9444.0)	Direct
2018-01-24	Performance Shares	$0.0	A	30680	Acquired		Common Stock (30680.0)	Direct
2018-01-24	Restricted Stock Units	$0.0	A	15340	Acquired		Common Stock (15340.0)	Direct

Footnotes

F1: Shares held by The Thompson Living Trust u/a dtd 08/28/1997 of which the reporting person is a trustee.

F2: Shares surrendered to pay tax liability due at vesting.

F3: The Performance Shares vested in full upon the certification of performance goal achievement at 200% following the three-year anniversary of the January 24, 2015 grant 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.

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

F6: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.

F7: Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.

F8: The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2018 vesting commencement date, if the performance goal is achieved.

F9: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2018 vesting commencement date.