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 *
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 (Month/Day/Year)
01/24/2019
(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 01/25/2019   M   195,930 A $ 0 495,584 I by trust (1)
Common Stock 01/25/2019   F   97,142 (2) D $ 242.56 398,442 I by trust (1)
Common Stock 01/25/2019   M   32,655 A $ 0 431,097 I by trust (1)
Common Stock 01/25/2019   F   16,203 (2) D $ 242.56 414,894 I by trust (1)
Common Stock 01/25/2019   M   28,327 A $ 0 443,221 I by trust (1)
Common Stock 01/25/2019   F   14,044 (2) D $ 242.56 429,177 I by trust (1)
Common Stock 01/25/2019   M   20,449 A $ 0 449,626 I by trust (1)
Common Stock 01/25/2019   F   10,138 (2) D $ 242.56 439,488 I by trust (1)
Common Stock 01/25/2019   S   72,108 (3) D $ 244.7642 (4) 367,380 I by trust (1)
Common Stock 01/25/2019   S   47,131 (3) D $ 245.8139 (5) 320,249 I by trust (1)
Common Stock 01/25/2019   S   20,595 (3) D $ 246.6686 (6) 299,654 I by trust (1)

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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
Performance Shares $ 0 01/24/2019   M     195,930   (7)   (7) Common Stock 195,930 $ 0 0 D  
Restricted Stock Unit $ 0 01/24/2019   M     32,655   (8)   (8) Common Stock 32,655 $ 0 0 D  
Restricted Stock Unit $ 0 01/24/2019   M     28,327   (9)   (9) Common Stock 28,327 $ 0 28,326 D  
Restricted Stock Unit $ 0 01/24/2019   M     20,449   (10)   (10) Common Stock 20,449 $ 0 40,896 D  
Performance Shares $ 0 01/24/2019   A V 123,742 (11)     (12)   (12) Common Stock 123,742 $ 0 123,742 D  
Performance Shares $ 0 01/24/2019   A V 61,872 (11)     (12)   (12) Common Stock 61,872 $ 0 61,872 D  
Restricted Stock Unit $ 0 01/24/2019   A   41,248     (13)   (13) Common Stock 41,248 $ 0 41,248 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
NARAYEN SHANTANU
ADOBE INC.
345 PARK AVENUE
SAN JOSE, CA 95110		   X     Chairman, President and CEO  

Signatures

 /s/ Allison Blais, as attorney-in-fact   01/28/2019
**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) Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
(2) Shares surrendered to pay tax liability due at vesting.
(3) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person September 21, 2018.
(4) This transaction was executed in multiple trades at prices ranging from $244.20 to $245.19. 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 $245.20 to $246.19. 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 $246.20 to $247.06. 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) The Performance Shares vested in full upon the certification of performance goal achievement at 200% following the three-year anniversary of the January 24, 2016 vesting commencement date.
(8) Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2016 vesting commencement date.
(9) Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2017 vesting commencement date.
(10) Vests at a rate of 1/3 annually on the first, second and third anniversaries of the January 24, 2018 vesting commencement date.
(11) Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.
(12) The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2019 vesting commencement date if the performance goal is achieved.
(13) Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.

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