ITEM 3. LEGAL PROCEEDINGS The material set forth in the section titled "Legal Proceedings" in Note 16 of our Notes to Consolidated Financial Statements is incorporated herein by reference.ITEM 4. MINE SAFETY DISCLOSURESNot applicable.36Table of ContentsPART IIITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information for Common StockOur common stock is traded on the Nasdaq Global Select Market under the symbol "ADBE." StockholdersAccording to the records of our transfer agent, there were 940 holders of record of our common stock on January 14, 2022. Because many of such shares are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.DividendsWe do not anticipate paying any cash dividends in the foreseeable future.Issuer Purchases of Equity SecuritiesBelow is a summary of stock repurchases for the three months ended December 3, 2021. See Note 14 of our Notes to Consolidated Financial Statements for information regarding our stock repurchase programs. PeriodTotal Number of SharesRepurchasedAveragePrice PaidPerShareTotalNumber ofSharesPurchasedas Part ofPubliclyAnnouncedPlans ApproximateDollar Valuethat MayYet bePurchasedUnder thePlans (1) (in millions, except average price per share) Beginning repurchase authority$14,434 September 4 - October 1, 2021Shares repurchased0.5 $656.47 0.5 $(334)October 2 - October 29, 2021 Shares repurchased0.6 $596.55 0.6 $(333)(2)October 30 - December 3, 2021 Shares repurchased0.5 $657.07 0.5 $(333)(2)Total1.6 1.6 $13,434 _________________________________________(1)In December 2020, the Board of Directors granted authority to repurchase up to $15 billion in our common stock through the end of fiscal 2024.(2)In September 2021, we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $1 billion. As of December 3, 2021, approximately $334 million of the prepayment remained under this agreement.ITEM 6. [RESERVED] 37Table of ContentsITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with our Consolidated Financial Statements and Notes thereto. Discussion regarding our financial condition and results of operations for fiscal 2020 as compared to fiscal 2019 is included in