ADEPT TECHNOLOGY INC 4

4 · ADEPT TECHNOLOGY INC · Filed Oct 7, 2013

Form 4

Period: 2013-10-03

Chief Financial Officer

Transactions

Award
1 Non-Qualified Stock Option (right to buy)
2013-10-03$6.76/sh+60,000$405,600→ 60,000 total
Exercise: $6.76Exp: 2023-10-03→ Common Stock (60,000 underlying)
Award
1 Non-Qualified Stock Option (right to buy)
2013-10-03$6.90/sh+30,000$207,000→ 30,000 total
Exercise: $6.90Exp: 2023-10-03→ Common Stock (30,000 underlying)

Footnotes (1)

[F1]On October 3, 2013, the reporting person was granted options to purchase an aggregate of 90,000 shares of Adept Technology, Inc.'s common stock, with two-thirds of such options having an exercise price equal to the grant date stock price $6.76 and one-third having an exercise price of $6.90. The options vest in part upon Adept's satisfaction of certain performance criteria, with: Thirty percent vesting upon the closing stock price exceeding each of the following for 30 consecutive trading days: $9.20 and $12.00; Twenty percent vesting upon the two consecutive fiscal quarters of positive earnings per share; and Five percent vesting upon attaining a minimum specified revenue for or before the Company's fiscal 2015 and fiscal 2017; Five percent vesting upon attaining a minimum specified cash at fiscal year end for or before the Company's fiscal 2015 and fiscal 2017. None of the options have vested as of the date of this filing.

Documents

1 file