BOUTSIKARIS JOHN C 4/A
4/A · ADEPT TECHNOLOGY INC · Filed Mar 13, 2013
Insider Transaction Report
Form 4/AAmended
BOUTSIKARIS JOHN C
Sr. VP Sales & Marketing
Transactions
- Disposition to Issuer
Common Stock
2013-03-07$3.24/sh−8,724$28,266→ 16,667 total - Award
4-Incentive Stock Option (right to buy)
2013-03-07$3.35/sh+50,000$167,500→ 50,000 totalExercise: $3.35From: 2011-12-02Exp: 2021-11-02→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]Represents shares forfeited by cancellation and/or for the payment of applicable income and payroll withholding taxes due accelerated vesting of restricted stock granted on 9/20/12.
- [F2]Per Separation Agreement for resignation service as an officer and employee effective 3/7/13, the award granted on 9/20/12 for 15,000, will accelerate the vesting of 3,750 shares as of 3/7/13 and the remaining 7,500 shares were forfeited and cancelled.
- [F3]Per Separation Agreement dated 2/24/13, the Company agrees that the period within which Employee may exercise his right to purchase any of his stock options that have become vested as of the Resignation Date shall be extended to and include June 30, 2013. Grant dated 11/2/11 for 50,000 options shall have 33,334 options cancelled and the vested 16,666 options shall remain exercisable until June 30, 2013.