ADOBE INC. — Director's Dealing 2020

Jan 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2020-01-24

Reporting Person: THOMPSON MATTHEW (EVP WW Field Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-24	Common Stock	M	56660	—	Acquired	106940	Indirect
2020-01-24	Common Stock	F	28092	$351.37	Disposed	78848	Indirect
2020-01-24	Common Stock	M	9443	—	Acquired	88291	Indirect
2020-01-24	Common Stock	F	4268	$351.37	Disposed	84023	Indirect
2020-01-24	Common Stock	M	5113	—	Acquired	89136	Indirect
2020-01-24	Common Stock	F	2535	$351.37	Disposed	86601	Indirect
2020-01-24	Common Stock	M	2836	—	Acquired	89437	Indirect
2020-01-24	Common Stock	F	1406	$351.37	Disposed	88031	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-24	Performance Shares	$0.0	M	56660	Disposed		Common Stock (56660.0)	Direct
2020-01-24	Restricted Stock Units	$0.0	M	9443	Disposed		Common Stock (9443.0)	Direct
2020-01-24	Restricted Stock Units	$0.0	M	5113	Disposed		Common Stock (5113.0)	Direct
2020-01-24	Restricted Stock Units	$0.0	M	2836	Disposed		Common Stock (2836.0)	Direct
2020-01-27	Performance Shares	$0.0	A	15856	Acquired		Common Stock (15856.0)	Direct
2020-01-27	Restricted Stock Units	$0.0	A	7928	Acquired		Common Stock (7928.0)	Direct

Footnotes

F1: Shares held by The Thompson Living Trust u/a dtd 08/28/1997 of which the reporting person is a trustee.

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

F3: The Performance Shares vested in full upon the certification of performance goal achievement at 200% following the three-year anniversary of the January 24, 2017 vesting commencement date.

F4: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.

F5: Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2018 vesting commencement date.

F6: Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.

F7: Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.

F8: The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2020 vesting commencement date if the performance goal is achieved.

F9: Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.