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: DILLON MICHAEL A (EVP, Gen. Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-24	Common Stock	M	34400	—	Acquired	82123	Direct
2018-01-24	Common Stock	F	16321	$197.78	Disposed	65802	Direct
2018-01-24	Common Stock	M	5733	—	Acquired	71535	Direct
2018-01-24	Common Stock	F	2842	$197.78	Disposed	68693	Direct
2018-01-24	Common Stock	M	6350	—	Acquired	75043	Direct
2018-01-24	Common Stock	F	3148	$197.78	Disposed	71895	Direct
2018-01-24	Common Stock	M	6295	—	Acquired	78190	Direct
2018-01-24	Common Stock	F	3121	$197.78	Disposed	75069	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-24	Performance Shares	$0.0	M	34400	Disposed		Common Stock (34400.0)	Direct
2018-01-24	Restricted Stock Units	$0.0	M	5733	Disposed		Common Stock (5733.0)	Direct
2018-01-24	Restricted Stock Units	$0.0	M	6350	Disposed		Common Stock (6350.0)	Direct
2018-01-24	Restricted Stock Units	$0.0	M	6295	Disposed		Common Stock (6295.0)	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 200% following the three-year anniversary of the January 24, 2015 grant date.

F3: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2015 vesting commencement date.

F4: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.

F5: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.