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: Parasnis Abhay (EVP & CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-24	Common Stock	M	8165	—	Acquired	20788	Direct
2018-01-24	Common Stock	F	4071	$197.78	Disposed	16717	Direct
2018-01-24	Common Stock	M	7869	—	Acquired	24586	Direct
2018-01-24	Common Stock	F	3901	$197.78	Disposed	20685	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-24	Restricted Stock Units	$0.0	M	8165	Disposed		Common Stock (8165.0)	Direct
2018-01-24	Restricted Stock Units	$0.0	M	7869	Disposed		Common Stock (7869.0)	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 surrendered to pay tax liability due at vesting.

F2: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.

F3: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.

F4: 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.

F5: 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.

F6: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2018 vesting commencement date.