ADOBE INC. — Director's Dealing 2020

Jul 23, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2020-07-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-22	Common Stock	S	1783	$442.8042	Disposed	404862	Indirect
2020-07-22	Common Stock	S	2092	$444.7369	Disposed	402770	Indirect
2020-07-22	Common Stock	S	2435	$444.726	Disposed	400335	Indirect
2020-07-22	Common Stock	S	2155	$445.6725	Disposed	398180	Indirect
2020-07-22	Common Stock	S	852	$446.8048	Disposed	397328	Indirect
2020-07-22	Common Stock	S	530	$447.8517	Disposed	396798	Indirect
2020-07-22	Common Stock	S	153	$448.92	Disposed	396645	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 $442.16 to $443.155. 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 $443.17 to $444.05. 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 $444.17 to $445.12. 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 $445.24 to $446.13. 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 $446.40 to $447.39. 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 $447.40 to $448.32. 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.