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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	2012-05-07	200,000	$32.42	425,354	No	4	M	Indirect	by trust
Common Stock	Disposition	2012-05-07	200,000	$33.88	225,354	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	2012-05-07	200,000	$0.00	200,000	$32.42

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2012-05-07	2012-05-24	No	4	M	Direct

Footnotes

The option exercise and sale reported in this Form 4 were effected pursuant to a plan intended to comply with Rule 10b5-1(c), adopted by the reporting person on August 2, 2011, at which time the reporting person was not aware of material nonpublic information. On May 7, 2012, on account of broker error in failing to execute trades on May 1, 2012 under the terms of the plan, the shares were sold at a price of $33.88, which was the volume weighted average sales price of the Issuer's common stock on May 1, 2012.
Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
Option award granted on May 24, 2005 had fully vested prior to the date of this Form 4.