CASTOR JON 4
4 · ADAPTEC INC · Filed Dec 18, 2009
Insider Transaction Report
Form 4
ADAPTEC INCADPT
CASTOR JON
Director
Transactions
- Award
Common Stock
2009-12-16$0.00/sh+12,500$13→ 43,733 total - Award
Non-Qualified Stock Option (right to buy)
2009-12-16+12,500→ 12,500 totalExercise: $3.29From: 2010-03-16Exp: 2019-12-16→ Common Stock (12,500 underlying)
Footnotes (2)
- [F1]Represents a Restricted Stock Award from Adaptec Inc's 2006 Director Plan for 12,500 shares of common stock that will be fully vested on the earlier of December 16, 2010 or the date of which the director ceases for any reason to be on the Board of Directors.
- [F2]A total of 12,500 Non-Qualified Stock Options were granted on December 16, 2009 from Adaptec Inc's 2006 Director Plan. The option shall vest in four equal quarterly installments with the first vesting being March 16, 2010, such that the option is fully vested on the earlier of December 16, 2010 or the date of which the director ceases for any reason to be on the Board of Directors.