Noellert John 4
4 · ADAPTEC INC · Filed Nov 12, 2009
Insider Transaction Report
Form 4
ADAPTEC INCADPT
Noellert John
VP, World Wide Sales
Transactions
- Exercise/Conversion
Common Stock
2009-11-10$2.86/sh+10,000$28,600→ 92,337 total - Sale
Common Stock
2009-11-10$3.25/sh−31,620$102,765→ 50,717 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2009-11-10$3.25/sh−10,000$32,500→ 58,672 totalExercise: $2.86Exp: 2016-08-03→ Common Stock (10,000 underlying) - Sale
Common Stock
2009-11-11$3.25/sh−34,051$110,666→ 16,666 total - Sale
Common Stock
2009-11-10$3.25/sh−10,000$32,500→ 82,337 total
Footnotes (1)
- [F1]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.