ADOBE INC. — Director's Dealing 2021

Jan 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2021-01-24

Reporting Person: Rao Dana (EVP, Gen. Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-24	Common Stock	M	2050	—	Acquired	20782	Direct
2021-01-24	Common Stock	F	750	$472.44	Disposed	20032	Direct
2021-01-24	Common Stock	M	341	—	Acquired	20373	Direct
2021-01-24	Common Stock	F	130	$472.44	Disposed	20243	Direct
2021-01-24	Common Stock	M	516	—	Acquired	20759	Direct
2021-01-24	Common Stock	F	255	$472.44	Disposed	20504	Direct
2021-01-24	Common Stock	M	1802	—	Acquired	22306	Direct
2021-01-24	Common Stock	F	893	$472.44	Disposed	21413	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-24	Performance Shares	$0.0	M	2050	Disposed		Common Stock (2050.0)	Direct
2021-01-24	Restricted Stock Units	$0.0	M	341	Disposed		Common Stock (341.0)	Direct
2021-01-24	Restricted Stock Units	$0.0	M	516	Disposed		Common Stock (516.0)	Direct
2021-01-24	Restricted Stock Units	$0.0	M	1802	Disposed		Common Stock (1802.0)	Direct
2021-01-25	Performance Shares	$0.0	A	11796	Acquired		Common Stock (11796.0)	Direct
2021-01-25	Restricted Stock Units	$0.0	A	5898	Acquired		Common Stock (5898.0)	Direct

Footnotes

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

F2: The Performance Shares vested in full upon the certification of performance goal achievement at 200% following the three-year anniversary of the January 24, 2018 vesting commencement date.

F3: Vests at a rate of 1/3 annually of the first, second and third anniversaries of the January 24, 2018 vesting commencement date.

F4: Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.

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

F6: 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.

F7: The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2021 vesting commencement date if the performance goal is achieved.

F8: Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.