X0306 4 2018-05-30 0 0000002230 ADAMS DIVERSIFIED EQUITY FUND, INC. ADX 0000938742 SMITH CRAIG R 500 EAST PRATT STREET BALTIMORE MD 21202 1 0 0 0 Common Stock 2018-05-30 5 J 0 E 44.594 0 A 20364.833 D Common Stock 15770 I By Craig Robert Smith MD REV Trust DTD 03/08/11 Common Stock 2018-05-30 4 S 0 6666 15.151 D 22802 I By Craig Robert Smith MD REV Trust DTD 03/08/11 Common Stock 6666.833 D These shares were acquired in exempt transactions as a result of dividend reinvestment. The Issuer's stock traded in a range of $14.30 - $16.11 during the first quarter of 2018. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.14 - $15.19. The reporting person undertakes to provide the Issuer, any security holder of the issuer, or the staff of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Shares hold of record by Craig Robert Smith, MD, Trustee of the Craig Robert Smith MD REV Trust DTD 3/8/11. Gail L. Valenti as Attorney-in-Fact for Craig R. Smith 2018-05-31