Westfield John M 4
4 · ADAPTEC INC · Filed Aug 5, 2009
Insider Transaction Report
Form 4
ADAPTEC INCADPT
Westfield John M
VP, Corp. Controller
Transactions
- Award
Incentive Stock Option (right to buy)
2009-08-03+49,310→ 49,310 totalExercise: $2.86Exp: 2016-08-03→ Common Stock (49,310 underlying) - Award
Non-Qualified Stock Option (right to buy)
2009-08-03+10,690→ 10,690 totalExercise: $2.86Exp: 2016-08-03→ Common Stock (10,690 underlying) - Award
Restricted Stock Units
2009-08-03+15,000→ 15,000 totalExercise: $0.00→ Common Stock (15,000 underlying) - Tax Payment
Common Stock
2009-08-04$2.90/sh−1,907$5,530→ 40,800 total
Footnotes (4)
- [F1]Represents shares that were automatically withheld to cover tax withholding obligations.
- [F2]A total of 60,000 stock options were granted on 08/03/2009, of which 49,310 are Incentive Stock options and 10,690 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.