Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
THOMPSON MATTHEW
  2. Issuer Name and Ticker or Trading Symbol
ADOBE SYSTEMS INC [ADBE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP WW Field Operations
(Last)
(First)
(Middle)
ADOBE SYSTEMS INCORPORATED, 345 PARK AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2013
(Street)

SAN JOSE, CA 95110
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 07/01/2013   M   246,644 A $ 40.05 287,664 (1) D  
Common Stock 07/01/2013   M   77,631 A $ 34.64 365,295 D  
Common Stock 07/01/2013   S   324,275 D $ 46.5315 (2) 41,020 D  
Common Stock 07/02/2013   M   99,000 A $ 19.93 140,020 D  
Common Stock 07/02/2013   M   36,728 A $ 34.16 176,748 D  
Common Stock 07/02/2013   M   46,520 A $ 34.03 223,268 D  
Common Stock 07/02/2013   M   16,369 A $ 34.64 239,637 D  
Common Stock 07/02/2013   M   3,356 A $ 40.05 242,993 D  
Common Stock 07/02/2013   S   192,118 D $ 46.212 (3) 50,875 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (right to buy) $ 40.05 07/01/2013   M     246,644 07/01/2013(4) 01/16/2014 Common Stock 246,644 $ 0 3,356 D  
Stock Options (right to buy) $ 34.64 07/01/2013   M     77,631 07/01/2013(5) 01/24/2015 Common Stock 77,631 $ 0 16,369 D  
Stock Options (right to buy) $ 19.93 07/02/2013   M     99,000 07/02/2013(6) 01/26/2016 Common Stock 99,000 $ 0 0 D  
Stock Options (right to buy) $ 34.16 07/02/2013   M     36,728 07/02/2013(7) 01/25/2017 Common Stock 36,728 $ 0 6,272 D  
Stock Options (right to buy) $ 34.03 07/02/2013   M     46,520 07/02/2013(8) 01/24/2018 Common Stock 46,520 $ 0 30,480 D  
Stock Options (right to buy) $ 34.64 07/02/2013   M     16,369 07/02/2013(5) 01/24/2015 Common Stock 16,369 $ 0 0 D  
Stock Options (right to buy) $ 40.05 07/02/2013   M     3,356 07/02/2013(4) 01/16/2014 Common Stock 3,356 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
THOMPSON MATTHEW
ADOBE SYSTEMS INCORPORATED
345 PARK AVENUE
SAN JOSE, CA 95110
      EVP WW Field Operations  

Signatures

 /s/ Justin Judd, as attorney-in-fact   07/03/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Includes 875 shares acquired on June 28, 2013 pursuant to Adobe's 1997 Employee Stock Purchase Plan, as amended.
(2) This transaction was executed in multiple trades at prices ranging from $46.22 to $46.95. 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) This transaction was executed in multiple trades at prices ranging from $46.0127 to $46.4. 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.
(4) Options granted January 16, 2007 are fully vested and exercisable.
(5) Options granted January 24, 2008 are fully vested and exercisable.
(6) Options granted January 26, 2009 are fully vested and exercisable.
(7) Stock options granted on January 25, 2010 vest at a rate of 2.08% per month for 48 months.
(8) Stock options granted on January 24, 2011 vest at a rate of 2.08% per month for 48 months.

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