ADEPT TECHNOLOGY INC 4

4 · ADEPT TECHNOLOGY INC · Filed Oct 21, 2013

Form 4

Period: 2013-08-27

President and CEO

Transactions

Award
1 Non-Qualified Stock Option (right to buy)
2013-08-27$3.27/sh+42,955$140,463→ 42,955 total
Exercise: $3.27Exp: 2023-08-27→ Common Stock (42,955 underlying)
Award
1 Non-Qualified Stock Option (right to buy)
2013-08-27$4.60/sh+42,046$193,412→ 42,046 total
Exercise: $4.60Exp: 2023-08-27→ Common Stock (42,046 underlying)
Award
1 Non-Qualified Stock Option (right to buy)
2013-08-27$6.90/sh+42,954$296,383→ 42,954 total
Exercise: $6.90Exp: 2023-08-27→ Common Stock (42,954 underlying)
Award
1 Non-Qualified Stock Option (right to buy)
2013-08-27$4.60/sh+908$4,177→ 42,954 total
Exercise: $4.60Exp: 2023-08-27→ Common Stock (908 underlying)

Footnotes (1)

[F1]On August 27, 2013, the reporting person was granted performance stock options to purchase an aggregate of 128,863 shares of Adept Technology, Inc.'s common stock under it's 2003 Stock Option Plan and 2005 Equity Incentive Plan, with 1/3 of such options having an exercise price equal to the grant date stock price of $3.27, 1/3 having an exercise price of $4.60 and 1/3 having an exercise price of $6.90.The options vest upon Adept's satisfaction of certain performance criteria, with: 20% vesting upon the closing stock price exceeding each of the following for 30 consecutive trading days: $7.00, $9.20 and $12.00; 20% vesting upon the two consecutive fiscal quarters of positive earnings per share;5% vesting upon attaining a minimum specified revenue for or before the Company's fiscal 2015 and fiscal 2017; and 5% 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 fi

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