Noellert John 4
4 · ADAPTEC INC · Filed Aug 5, 2009
Insider Transaction Report
Form 4
ADAPTEC INCADPT
Noellert John
VP, World Wide Sales
Transactions
- Tax Payment
Common Stock
2009-08-04$2.90/sh−2,204$6,392→ 88,948 total - Award
Incentive Stock Option (right to buy)
2009-08-03+51,328→ 51,328 totalExercise: $2.86Exp: 2016-08-03→ Common Stock (51,328 underlying) - Award
Restricted Stock Units
2009-08-03+27,500→ 27,500 totalExercise: $0.00→ Common Stock (27,500 underlying) - Award
Non-Qualified Stock Option (right to buy)
2009-08-03+68,672→ 68,672 totalExercise: $2.86Exp: 2016-08-03→ Common Stock (68,672 underlying)
Footnotes (4)
- [F1]Represents shares that were automatically withheld to cover tax withholding obligations.
- [F2]A total of 120,000 stock options were granted on 08/03/2009, of which 51,328 are Incentive Stock options and 68,672 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 08/03/2012.
- [F3]Represents a Restricted Stock Unit for shares of common stock that vests, based on certain performance criteria, over a period of 36 months.
- [F4]Not Applicable.