ADOBE INC

Ticker: ADBE CUSIP: 00724F101 Class: COM

Darsana Capital Partners LP's Holding History (CIK: 0001609098)

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

Q3 2016

Shares 1,000,000 Value ($000) $108,540 Avg Close $100.34 Range $94.06 - $109.76

Q2 2016

Shares 1,500,000 Value ($000) $143,685 Avg Close $96.05 Range $90.35 - $100.56

Q1 2016

Shares 1,500,000 Value ($000) $140,700 Avg Close $86.68 Range $71.27 - $98.00

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	1,000,000	$108,540	$100.34	$94.06 - $109.76
Q2 2016	1,500,000	$143,685	$96.05	$90.35 - $100.56
Q1 2016	1,500,000	$140,700	$86.68	$71.27 - $98.00