ADOBE INC. — Director's Dealing 2020

Jul 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2020-07-24

Reporting Person: Murphy John Francis (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-24	Common Stock	M	773	—	Acquired	19875	Direct
2020-07-24	Common Stock	F	383	$430.31	Disposed	19492	Direct
2020-07-27	Common Stock	S	676	$431.9727	Disposed	18816	Direct
2020-07-27	Common Stock	S	1400	$434.8119	Disposed	17416	Direct
2020-07-27	Common Stock	S	1924	$436.0656	Disposed	15492	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-24	Restricted Stock Units	$0.0	M	773	Disposed		Common Stock (773.0)	Direct

Footnotes

F1: Includes 83 shares acquired on June 30, 2020 pursuant to Adobe's 2020 Employee Stock Purchase Plan.

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

F3: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person April 17, 2020.

F4: This transaction was executed in multiple trades at prices ranging from $431.70 to $432.42. 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 $434.18 to $435.153. 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 $435.885 to $436.42. 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: Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.