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: Belsky Scott (EVP, Chief Product Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-24	Common Stock	M	3094	—	Acquired	15488	Direct
2020-01-24	Common Stock	F	1233	$351.37	Disposed	14255	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-24	Restricted Stock Units	$0.0	M	3094	Disposed		Common Stock (3094.0)	Direct
2020-01-27	Performance Shares	$0.0	A	20180	Acquired		Common Stock (20180.0)	Direct
2020-01-27	Restricted Stock Units	$0.0	A	10090	Acquired		Common Stock (10090.0)	Direct

Footnotes

F1: Shares surrendered to pay tax liability due at vesting.

F2: Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.

F3: 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.

F4: 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.

F5: Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.