ADOBE INC. — Director's Dealing 2020

Jul 31, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2020-07-29

Reporting Person: NARAYEN SHANTANU (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-29	Common Stock	S	482	$435.8553	Disposed	397463	Indirect
2020-07-29	Common Stock	S	1464	$436.7135	Disposed	395999	Indirect
2020-07-29	Common Stock	S	2549	$437.7275	Disposed	393450	Indirect
2020-07-29	Common Stock	S	4844	$438.725	Disposed	388606	Indirect
2020-07-29	Common Stock	S	536	$439.4773	Disposed	388070	Indirect
2020-07-29	Common Stock	S	125	$440.324	Disposed	387945	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person April 14, 2020.

F2: This transaction was executed in multiple trades at prices ranging from $435.16 to $436.055. 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.

F3: Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.

F4: This transaction was executed in multiple trades at prices ranging from $436.19 to $437.11. 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.

F5: This transaction was executed in multiple trades at prices ranging from $437.23 to $438.22. 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.

F6: This transaction was executed in multiple trades at prices ranging from $438.255 to $439.24. 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.

F7: This transaction was executed in multiple trades at prices ranging from $439.275 to $440.04. 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.

F8: This transaction was executed in multiple trades at prices ranging from $440.29 to $440.375. 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.