X0306
4
2013-11-01
0
0000796343
ADOBE SYSTEMS INC
ADBE
0001224154
NARAYEN SHANTANU
ADOBE SYSTEMS INCORPORATED
345 PARK AVENUE
SAN JOSE
CA
95110
1
1
0
0
President and CEO
Common Stock
2013-11-01
4
M
0
36000
34.6400
A
267672
I
by trust
Common Stock
2013-11-01
4
M
0
14000
19.9300
A
281672
I
by trust
Common Stock
2013-11-01
4
S
0
50000
54.4217
D
231672
I
by trust
Stock Option (right to buy)
34.64
2013-11-01
4
M
0
36000
0
D
2013-11-01
2015-01-24
Common Stock
36000
387000
D
Stock Option (right to buy)
19.93
2013-11-01
4
M
0
14000
0
D
2013-11-01
2016-01-26
Common Stock
14000
201300
D
The option exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person April 9, 2013.
Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
This transaction was executed in multiple trades at prices ranging from $54.16 to $54.61. 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.
Options granted January 24, 2008 are fully vested and exercisable.
Options granted January 26, 2009 are fully vested and exercisable.
/s/ Jonathan Vaas, as attorney-in-fact
2013-11-04