ADOBE INC

Ticker: ADBE CUSIP: 00724F101 Class: COM

KINGDON CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001000097)

Note: Option positions (PUT/CALL) are excluded.

Q3 2015

Shares 483,246 Value ($000) $39,732 Avg Close $81.07 Range $71.33 - $87.25

Q2 2015

Shares 716,089 Value ($000) $58,010 Avg Close $78.03 Range $72.78 - $84.36

Q1 2015

Shares 270,460 Value ($000) $19,998 Avg Close $74.59 Range $68.98 - $80.30

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	483,246	$39,732	$81.07	$71.33 - $87.25
Q2 2015	716,089	$58,010	$78.03	$72.78 - $84.36
Q1 2015	270,460	$19,998	$74.59	$68.98 - $80.30