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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
796343	Adobe Systems Inc	ADBE	Services-Prepackaged Software (7372)	770019522

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1224154	Shantanu Narayen	Adobe Systems Incorporated 345 Park Avenue San Jose CA 95110	President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2014-11-03	36,762	$34.16	295,920	No	4	M	Indirect	by trust
Common Stock	Disposition	2014-11-03	36,762	$70.04	259,158	No	4	S	Indirect	by trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Indirect	by trust
No	4	S	Indirect	by trust

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (right to buy)	Disposition	2014-11-03	36,762	$0.00	36,762	$34.16

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
220,563	2014-11-03	2017-01-25	No	4	M	Direct

Footnotes

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 30, 2014.
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 $69.68 to $70.18. 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 25, 2010 are fully vested and exercisable.