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Share Name Share Symbol Market Type
Adobe Inc NASDAQ:ADBE NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.81 0.17% 471.20 469.00 471.95 471.425 460.27 466.74 2,838,781 01:00:00

Statement of Changes in Beneficial Ownership (4)

06/08/2020 9:24pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

NARAYEN SHANTANU
2. Issuer Name and Ticker or Trading Symbol

ADOBE INC. [ ADBE ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chairman, President and CEO
(Last)          (First)          (Middle)

ADOBE INC., 345 PARK AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

8/5/2020
(Street)

SAN JOSE, CA 95110
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 8/5/2020  S(1)  791 D$447.8064 (2)387154 I by trust (3)
Common Stock 8/5/2020  S(1)  963 D$448.9758 (4)386191 I by trust (3)
Common Stock 8/5/2020  S(1)  1996 D$450.0735 (5)384195 I by trust (3)
Common Stock 8/5/2020  S(1)  1221 D$450.9151 (6)382974 I by trust (3)
Common Stock 8/5/2020  S(1)  2594 D$451.9635 (7)380380 I by trust (3)
Common Stock 8/5/2020  S(1)  2231 D$453.1191 (8)378149 I by trust (3)
Common Stock 8/5/2020  S(1)  204 D$453.7522 (9)377945 I by trust (3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person April 14, 2020.
(2) This transaction was executed in multiple trades at prices ranging from $447.20 to $448.15. 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.
(3) Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
(4) This transaction was executed in multiple trades at prices ranging from $448.32 to $449.30. 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.
(5) This transaction was executed in multiple trades at prices ranging from $449.55 to $450.53. 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.
(6) This transaction was executed in multiple trades at prices ranging from $450.56 to $451.49. 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.
(7) This transaction was executed in multiple trades at prices ranging from $451.58 to $452.54. 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.
(8) This transaction was executed in multiple trades at prices ranging from $452.675 to $453.67. 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.
(9) This transaction was executed in multiple trades at prices ranging from $453.74 to $453.87. 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
NARAYEN SHANTANU
ADOBE INC.
345 PARK AVENUE
SAN JOSE, CA 95110
X
Chairman, President and CEO

Signatures
/s/ Allison Blais, as attorney-in-fact8/6/2020
**Signature of Reporting PersonDate

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