Lowe Marcus D 4
4 · ADAPTEC INC · Filed Aug 5, 2009
Insider Transaction Report
Form 4
ADAPTEC INCADPT
Lowe Marcus D
VP, Marketing & Business Dev
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2009-08-03+53,252→ 53,252 totalExercise: $2.86Exp: 2016-08-03→ Common Stock (53,252 underlying) - Tax Payment
Common Stock
2009-08-04$2.90/sh−2,383$6,911→ 86,673 total - Award
Incentive Stock Option (right to buy)
2009-08-03+46,748→ 46,748 totalExercise: $2.86Exp: 2016-08-03→ Common Stock (46,748 underlying) - Award
Restricted Stock Units
2009-08-03+25,000→ 25,000 totalExercise: $0.00→ Common Stock (25,000 underlying)
Holdings
- 196(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]Represents shares that were automatically withheld to cover tax withholding obligations.
- [F2]A total of 100,000 stock options were granted on 08/03/2009, of which 46,748 are Incentive Stock options and 53,252 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.