4//SEC Filing
ADEPT TECHNOLOGY INC 4
Accession 0000865415-15-000020
CIK 0000865415operating
Filed
Oct 26, 8:00 PM ET
Accepted
Oct 27, 4:46 PM ET
Size
17.7 KB
Accession
0000865415-15-000020
Insider Transaction Report
Form 4
HALIO SETH
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2015-10-23$13.00/sh−3,883$50,479→ 0 total - Disposition to Issuer
4-Incentive Stock Option (right to buy)
2015-10-23$13.00/sh−7,000$91,000→ 0 totalExercise: $10.43Exp: 2024-07-01→ Common Stock (7,000 underlying) - Disposition to Issuer
4-Incentive Stock Option (right to buy)
2015-10-23$13.00/sh−10,000$130,000→ 0 totalExercise: $6.66Exp: 2025-06-17→ Common Stock (10,000 underlying) - Disposition to Issuer
1 Non-Qualified Stock Option (right to buy)
2015-10-23$13.00/sh−57,000$741,000→ 0 totalExercise: $6.76Exp: 2023-10-03→ Common Stock (57,000 underlying) - Disposition to Issuer
4-Incentive Stock Option (right to buy)
2015-10-23$13.00/sh−10,000$130,000→ 0 totalExercise: $8.66Exp: 2024-11-13→ Common Stock (10,000 underlying) - Disposition to Issuer
1 Non-Qualified Stock Option (right to buy)
2015-10-23$13.00/sh−28,500$370,500→ 0 totalExercise: $6.90Exp: 2023-10-03→ Common Stock (28,500 underlying)
Footnotes (5)
- [F1]On September 16, 2015, the Issuer entered into an Agreement and Plan of Merger (the ?Merger Agreement?) with OMRON Corporation, a Japanese corporation (?Omron?), Omron Management Center of America, a Delaware corporation (?Parent?) and Hoffman Acquisition Corp. (?Merger Sub?), pursuant to which Merger Sub commenced a tender offer to acquire all shares of the Issuer?s common stock at a price per share of $13.00. On October 23, 2015, Merger Sub accepted all shares of Issuer?s common stock that were tendered and Merger Sub subsequently made a cash payment at a price of $13.00 per share in respect of all of the outstanding shares of the Issuer?s common stock that were tendered, as well as a cash payment in respect of all of the outstanding derivative securities that were cancelled and exchanged in connection with consummation of the merger at a price per share of $13.00 (less any exercise price, if applicable). The reporting person reports disposition of both shares of common stock and der
- [F2]On October 3, 2013, the reporting person was granted employee stock options to purchase an aggregate of 90,000 shares of the Issuer?s common stock, two-thirds of such options having an exercise price equal to the grant date stock price of $6.76 and one-third having an exercise price of $6.90. In connection with the transactions contemplated by the Merger Agreement, 85,500 of the options, whether vested or unvested, were cancelled and exchanged at a price per share equal to $13.00 minus the exercise price of such shares. Originally, the options were to vest subject to satisfaction of certain performance criteria, and 4,500 of such options had been cancelled prior to the Merger Agreement.
- [F3]On June 17, 2015, the reporting person was granted employee stock options to purchase 10,000 shares of the Issuer?s common stock at an exercise price of $6.66 per share. In connection with the transactions contemplated by the Merger Agreement, the options, whether vested or unvested, were cancelled and exchanged at a price per share equal to $13.00 minus the exercise price of such shares.
- [F4]On November 13, 2014, the reporting person was granted employee stock options to purchase 10,000 shares of the Issuer?s common stock at an exercise price of $8.66 per share. In connection with the transactions contemplated by the Merger Agreement, the options, whether vested or unvested, were cancelled and exchanged at a price per share equal to $13.00 minus the exercise price of such shares.
- [F5]On July 1, 2014, the reporting person was granted employee stock options to purchase 7,000 shares of the Issuer?s common stock at an exercise price of $10.43 per share. In connection with the Merger Agreement, the options, whether vested or unvested were cancelled and exchanged at a price per share equal to $13.00 minus the exercise price of such shares.
Documents
Issuer
ADEPT TECHNOLOGY INC
CIK 0000865415
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000865415
Filing Metadata
- Form type
- 4
- Filed
- Oct 26, 8:00 PM ET
- Accepted
- Oct 27, 4:46 PM ET
- Size
- 17.7 KB