X0306 4/A 2018-03-01 2018-05-31 0 0000002230 ADAMS DIVERSIFIED EQUITY FUND, INC. ADX 0000938742 SMITH CRAIG R 500 EAST PRATT STREET SUITE 1300 BALTIMORE MD 21202 1 0 0 0 Common Stock 2018-03-01 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 held of record by Craig Robert Smith, MD, Trustee of the Craig Robert Smith MD REV Trust DTD 3/8/11. Includes shares formerly held directly at the transfer agent that were transferred to the Craig Robert Smith MD REV Trust DTD 3/8/11 (revocable Trust) on May 15, 2018. Effective with the sale that occurred on May 30, 2018 and that was reported on May 31, 2018, Dr. Smith beneficially owns 22,802 total shares indirectly in the revocable Trust, 6,666 shares directly in a tax-deferred individual retirement account (IRA),and a 0.833 fractional share interest at the transfer agent, for a total of 29,468.833 shares. Gail L. Valenti as Attorney-in-Fact for Craig R. Smith 2018-06-01