ADOBE INC

Ticker: ADBE CUSIP: 00724F101 Class: COM

ValueAct Holdings, L.P.'s Holding History (CIK: 0001418814)

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

Q1 2016
Shares 6,000 Value ($000) $563 Avg Close $86.68 Range $71.27 - $98.00
Q4 2015
Shares 14,010,739 Value ($000) $1,316,169 Avg Close $89.84 Range $79.02 - $96.42
Q3 2015
Shares 14,010,739 Value ($000) $1,151,963 Avg Close $81.07 Range $71.33 - $87.25
Q2 2015
Shares 15,703,739 Value ($000) $1,272,160 Avg Close $78.03 Range $72.78 - $84.36
Q1 2015
Shares 16,006,753 Value ($000) $1,183,539 Avg Close $74.59 Range $68.98 - $80.30
Q4 2014
Shares 16,006,753 Value ($000) $1,163,691 Avg Close $70.09 Range $58.51 - $77.56
Q3 2014
Shares 23,860,116 Value ($000) $1,650,881 Avg Close $70.88 Range $65.79 - $73.99
Q2 2014
Shares 24,560,116 Value ($000) $1,777,170 Avg Close $64.50 Range $57.15 - $74.69
Q1 2014
Shares 25,310,116 Value ($000) $1,663,887 Avg Close $64.14 Range $57.32 - $71.11
Q4 2013
Shares 25,310,116 Value ($000) $1,515,544 Avg Close $55.25 Range $48.87 - $61.09
Q3 2013
Shares 31,303,362 Value ($000) $1,625,897 Avg Close $47.71 Range $44.70 - $52.96
Q2 2013
Shares 31,303,362 Value ($000) $1,426,181 Avg Close $44.30 Range $41.91 - $47.17