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: LAMKIN BRYAN (EVP, GM, Digital Media)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-24	Common Stock	M	773	—	Acquired	99783	Direct
2020-07-24	Common Stock	F	383	$430.31	Disposed	99400	Direct
2020-07-24	Common Stock	S	1150	$424.7446	Disposed	98250	Direct
2020-07-24	Common Stock	S	3198	$426.1879	Disposed	95052	Direct
2020-07-24	Common Stock	S	2194	$427.1528	Disposed	92858	Direct
2020-07-24	Common Stock	S	2086	$428.2053	Disposed	90772	Direct
2020-07-24	Common Stock	S	3244	$429.154	Disposed	87528	Direct
2020-07-24	Common Stock	S	1222	$430.2373	Disposed	86306	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 74 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 24, 2020.

F4: This transaction was executed in multiple trades at prices ranging from $424.331 to $425.30. 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 $425.61 to $426.56. 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 $426.77 to $427.49. 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 $427.82 to $428.61. 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 $428.91 to $429.85. 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.

F9: This transaction was executed in multiple trades at prices ranging from $429.92 to $430.70. 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.

F10: Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.