ADAPTEC INC 4
4 · ADAPTEC INC · Filed Aug 6, 2008
Insider Transaction Report
Form 4
ADAPTEC INCADPT
Westfield John M
VP, Corp. Controller
Transactions
- Award
Incentive Stock Option (right to buy)
2008-08-04+23,481→ 23,481 totalExercise: $3.78Exp: 2015-08-04→ Common Stock (23,481 underlying) - Award
Non-Qualified Stock Option (right to buy)
2008-08-04+8,519→ 8,519 totalExercise: $3.78Exp: 2015-08-04→ Common Stock (8,519 underlying) - Award
Common Stock
2008-08-04$0.00/sh+16,000$16→ 50,213 total
Footnotes (2)
- [F1]Represents a Restricted Stock Award for 16,000 shares of common stock that vests in two (2) annual installments with thirty-three and one-thirds percent (33.33%) vesting on 08/04/2009 and sixty-six and two-thirds percent (66.66%) vesting on 08/04/2010.
- [F2]A total of 32,000 stock options were granted on 08/04/2008, of which 23,481 are Incentive Stock Options and 8,519 are Non-Qualified Stock Options. The aggregate of these options vest at the rate of 8.33% of the total option shares at the end of each three month period, such that the total option shares will be fully vested on 08/04/2015.