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: LAMKIN BRYAN (EVP, GM, Digital Media)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-24	Common Stock	M	33230	—	Acquired	106832	Direct
2021-01-24	Common Stock	F	16475	$472.44	Disposed	90357	Direct
2021-01-24	Common Stock	M	5538	—	Acquired	95895	Direct
2021-01-24	Common Stock	F	2757	$472.44	Disposed	93138	Direct
2021-01-24	Common Stock	M	773	—	Acquired	93911	Direct
2021-01-24	Common Stock	F	383	$472.44	Disposed	93528	Direct
2021-01-24	Common Stock	M	2162	—	Acquired	95690	Direct
2021-01-24	Common Stock	F	1071	$472.44	Disposed	94619	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-24	Performance Shares	$0.0	M	33230	Disposed		Common Stock (33230.0)	Direct
2021-01-24	Restricted Stock Units	$0.0	M	5538	Disposed		Common Stock (5538.0)	Direct
2021-01-24	Restricted Stock Units	$0.0	M	773	Disposed		Common Stock (773.0)	Direct
2021-01-24	Restricted Stock Units	$0.0	M	2162	Disposed		Common Stock (2162.0)	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 on 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.