Sundaresh Subramanian 4
4 · ADAPTEC INC · Filed Aug 5, 2009
Insider Transaction Report
Form 4
ADAPTEC INCADPT
Sundaresh Subramanian
President & CEO
Transactions
- Award
Restricted Stock Units
2009-08-03+75,000→ 75,000 totalExercise: $0.00→ Common Stock (75,000 underlying) - Award
Incentive Stock Option (right to buy)
2009-08-03+34,965→ 34,965 totalExercise: $2.86Exp: 2016-08-03→ Common Stock (34,965 underlying) - Tax Payment
Common Stock
2009-08-04$2.90/sh−8,935$25,912→ 324,583 total - Award
Non-Qualified Stock Option (right to buy)
2009-08-03+265,035→ 265,035 totalExercise: $2.86Exp: 2016-08-03→ Common Stock (265,035 underlying)
Footnotes (4)
- [F1]Represents shares that were automatically withheld to cover tax withholding obligations.
- [F2]A total of 300,000 stock options were granted on 08/03/2009, of which 34,965 are Incentive Stock options and 265,035 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.