ADOBE INC. — Director's Dealing 2020

Jan 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2020-01-03

Reporting Person: GESCHKE CHARLES M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-03	Common Stock	M	16764	$45.03	Acquired	136384	Indirect
2020-01-03	Common Stock	S	200	$328.86	Disposed	136184	Indirect
2020-01-03	Common Stock	S	1800	$331.2762	Disposed	134384	Indirect
2020-01-03	Common Stock	S	14364	$332.1108	Disposed	120020	Indirect
2020-01-03	Common Stock	S	400	$332.7825	Disposed	119620	Indirect
2020-01-07	Common Stock	S	5776	$333.292	Disposed	113844	Indirect
2020-01-07	Common Stock	S	5924	$334.0548	Disposed	107920	Indirect
2020-01-07	Common Stock	S	300	$334.7233	Disposed	107620	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-03	Stock Options (right to buy)	$45.03	M	16764	Disposed	2020-04-12	Common Stock (16764.0)	Direct

Footnotes

F1: Shares held by The Geschke Family Trust.

F2: This transaction was executed in multiple trades at prices ranging from $328.69 to $329.03. 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: This transaction was executed in multiple trades at prices ranging from $330.62 to $331.61. 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.

F4: This transaction was executed in multiple trades at prices ranging from $331.62 to $332.56. 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.

F5: This transaction was executed in multiple trades at prices ranging from $332.68 to $332.83. 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 $332.65 to $333.64. 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 $333.65 to $334.63. 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 $334.69 to $334.74. 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: Options granted April 12, 2013 are fully vested and exercisable.