Dotz Mary 4

Accession 0000709804-10-000016

CIK 0000709804other

View on SEC.gov Company Profile

Filed

Jun 9, 8:00 PM ET

Accepted

Jun 10, 9:10 PM ET

Size

33.1 KB

Accession

0000709804-10-000016

Insider Transaction Report

Form 4

Period: 2010-06-08

ADAPTEC INCADPT

Dotz Mary

Chief Financial Officer

Transactions

Sale
Common Stock
2010-06-09$3.03/sh−20,674$62,642→ 9,451 total
Sale
Common Stock
2010-06-09$3.03/sh−54,451$164,987→ 0 total
Sale
Common Stock
2010-06-09$3.03/sh−104,326$316,108→ 9,451 total
Exercise/Conversion
Common Stock
2010-06-09+45,000→ 54,451 total
Exercise/Conversion
Common Stock
2010-06-09$2.86/sh+26,933$77,028→ 36,384 total
Exercise/Conversion
Common Stock
2010-06-09$2.86/sh+113,067$323,372→ 122,518 total
Tax Payment
Common Stock
2010-06-08$3.03/sh−3,820$11,575→ 25,952 total
Tax Payment
Common Stock
2010-06-08$3.03/sh−16,501$49,998→ 9,451 total
Sale
Common Stock
2010-06-09$3.03/sh−26,933$81,607→ 9,451 total
Exercise/Conversion
Common Stock
2010-06-09$2.94/sh+104,326$306,718→ 113,777 total
Exercise/Conversion
Incentive Stock Option (right to buy)
2010-06-09−26,933→ 0 total
Exercise: $2.86Exp: 2016-08-03→ Common Stock (26,933 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2010-06-09−113,067→ 0 total
Exercise: $2.86Exp: 2016-08-03→ Common Stock (113,067 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2010-06-09−20,674→ 0 total
Exercise: $2.94Exp: 2015-03-31→ Common Stock (20,674 underlying)
Sale
Common Stock
2010-06-09$3.03/sh−113,067$342,593→ 9,451 total
Exercise/Conversion
Incentive Stock Option (right to buy)
2010-06-09−104,326→ 0 total
Exercise: $2.94Exp: 2015-03-31→ Common Stock (104,326 underlying)
Exercise/Conversion
Restricted Stock Units
2010-06-09−45,000→ 0 total
Exercise: $0.00→ Common Stock (45,000 underlying)
Exercise/Conversion
Common Stock
2010-06-09$2.94/sh+20,674$60,782→ 30,125 total

Footnotes (5)

[F1]Represents shares that were automatically withheld to cover tax withholding obligations.
[F2]A total of 140,000 stock options were granted on August 3, 2009. 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 August 3, 2012. The Company accelerated 100% of the remaining unvested stock options on June 8, 2010.
[F3]A total of 125,000 stock options were granted on March 31, 2008. The aggregate of these options vested at the rate of 25% of the total option shares on March 31, 2009 and an additional 8.33% of the total option shares vest at the end of each three month period thereafter, such that the total option shares will be fully vested on March 31, 2012. The Company accelerated 100% of the remaining unvested stock options on June 8, 2010.
[F4]Represents a Restricted Stock Unit for shares of common stock that vests, based on certain performance criteria, over a period of 36 months. The Company accelerated 100% of the remaining unvested restricted stock units on June 8, 2010, which was originally granted on April 1, 2009. Each Restricted Stock Unit represents a contingent right to receive one share of Adaptec, Inc. common stock.
[F5]Not Applicable.

Documents

1 file

4
primary_doc.xmlPrimary
PRIMARY DOCUMENT

Issuer

ADAPTEC INC

CIK 0000709804

→

Entity typeother

Related Parties

filerCIK 0001314205

Filing Metadata

Form type: 4
Filed: Jun 9, 8:00 PM ET
Accepted: Jun 10, 9:10 PM ET
Size: 33.1 KB

View on SEC.gov