ADOBE INC. — Director's Dealing 2020

Jul 16, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2020-07-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-15	Common Stock	S	877	$429.6353	Disposed	415768	Indirect
2020-07-15	Common Stock	S	1590	$430.5571	Disposed	414178	Indirect
2020-07-15	Common Stock	S	1793	$431.5875	Disposed	412385	Indirect
2020-07-15	Common Stock	S	1644	$432.5112	Disposed	410741	Indirect
2020-07-15	Common Stock	S	1755	$433.7289	Disposed	408986	Indirect
2020-07-15	Common Stock	S	1372	$434.513	Disposed	407614	Indirect
2020-07-15	Common Stock	S	352	$435.4666	Disposed	407262	Indirect
2020-07-15	Common Stock	S	493	$436.9896	Disposed	406769	Indirect
2020-07-15	Common Stock	S	124	$439.115	Disposed	406645	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 $429.055 to $430.05. 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.

F3: Includes 74 shares acquired on June 30, 2020 pursuant to Adobe's 2020 Employee Stock Purchase Plan.

F4: Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.

F5: This transaction was executed in multiple trades at prices ranging from $430.085 to $431.035. 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 $431.085 to $432.015. 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 $432.11 to $433.09. 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 $433.145 to $434.105. 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 $434.175 to $435.16. 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: This transaction was executed in multiple trades at prices ranging from $435.225 to $435.685. 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.

F11: This transaction was executed in multiple trades at prices ranging from $436.405 to $437.34. 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.