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4//SEC Filing

ADEPT TECHNOLOGY INC 4

Accession 0000865415-15-000022

CIK 0000865415operating
View on SEC.govCompany Profile

Filed

Oct 26, 8:00 PM ET

Accepted

Oct 27, 4:48 PM ET

Size

34.4 KB

Accession

0000865415-15-000022

Insider Transaction Report

Form 4
Period: 2015-10-23
ADEPT TECHNOLOGY INCADEP
KELLY MICHAEL P
Director
Transactions
  • Disposition to Issuer

    1 Non-Qualified Stock Option (right to buy)

    2015-10-23$13.00/sh−6,000$78,000→ 0 total
    Exercise: $2.80From: 2012-11-09Exp: 2021-11-09→ Common Stock (6,000 underlying)
  • Disposition to Issuer

    1 Non-Qualified Stock Option (right to buy)

    2015-10-23$13.00/sh−3,000$39,000→ 0 total
    Exercise: $8.75From: 2006-12-14Exp: 2016-11-14→ Common Stock (3,000 underlying)
  • Disposition to Issuer

    Common Stock

    2015-10-23$13.00/sh−2,000$26,000→ 0 total(indirect: By Trust)
  • Disposition to Issuer

    Common Stock

    2015-10-23$13.00/sh−22,590$293,670→ 0 total
  • Disposition to Issuer

    Common Stock

    2015-10-23$13.00/sh−2,000$26,000→ 0 total(indirect: By Trust)
  • Disposition to Issuer

    1 Non-Qualified Stock Option (right to buy)

    2015-10-23$13.00/sh−3,000$39,000→ 0 total
    Exercise: $6.25From: 2007-12-09Exp: 2017-11-09→ Common Stock (3,000 underlying)
  • Disposition to Issuer

    1 Non-Qualified Stock Option (right to buy)

    2015-10-23$13.00/sh−3,000$39,000→ 0 total
    Exercise: $2.85From: 2009-12-06Exp: 2019-11-06→ Common Stock (3,000 underlying)
  • Disposition to Issuer

    1 Non-Qualified Stock Option (right to buy)

    2015-10-23$13.00/sh−3,000$39,000→ 0 total
    Exercise: $3.07From: 2010-11-05Exp: 2020-03-05→ Common Stock (3,000 underlying)
  • Disposition to Issuer

    1 Non-Qualified Stock Option (right to buy)

    2015-10-23$13.00/sh−6,000$78,000→ 0 total
    Exercise: $5.61From: 2011-11-04Exp: 2020-11-05→ Common Stock (6,000 underlying)
  • Disposition to Issuer

    1 Non-Qualified Stock Option (right to buy)

    2015-10-23$13.00/sh−2,000$26,000→ 0 total
    Exercise: $8.00From: 2005-12-03Exp: 2015-11-03→ Common Stock (2,000 underlying)
  • Disposition to Issuer

    1 Non-Qualified Stock Option (right to buy)

    2015-10-23$13.00/sh−6,000$78,000→ 0 total
    Exercise: $9.15From: 2014-11-20Exp: 2023-11-20→ Common Stock (6,000 underlying)
  • Disposition to Issuer

    Common Stock

    2015-10-23$13.00/sh−2,000$26,000→ 0 total(indirect: By Trust)
  • Disposition to Issuer

    1 Non-Qualified Stock Option (right to buy)

    2015-10-23$13.00/sh−3,000$39,000→ 0 total
    Exercise: $3.73From: 2008-12-07Exp: 2018-11-07→ Common Stock (3,000 underlying)
  • Disposition to Issuer

    1 Non-Qualified Stock Option (right to buy)

    2015-10-23$13.00/sh−6,000$78,000→ 0 total
    Exercise: $8.66From: 2015-11-13Exp: 2024-11-13→ Common Stock (6,000 underlying)
  • Disposition to Issuer

    1 Non-Qualified Stock Option (right to buy)

    2015-10-23$13.00/sh−6,000$78,000→ 0 total
    Exercise: $3.02From: 2013-11-08Exp: 2022-11-09→ Common Stock (6,000 underlying)
Footnotes (6)
  • [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]Subject to Rule 16a-1(a)(2), shares of common stock purchased in trust for daughter, U/A dated September 22, 2010.
  • [F3]Subject to Rule 16a-1(a)(2), shares of common stock purchased in trust for daughter, U/A dated September 22, 2010.
  • [F4]Subject to Rule 16a-1(a)(2), shares of common stock purchased in trust for grandson, UCAUTMA.
  • [F5]Pursuant to a March 5, 2010 adoption by the Issuer?s Board of Directors, the reporting person received an annual option grant for each year of service as a director, with vesting to occur in full on the date of the annual meeting of stockholders following the meeting at which the director is elected. In connection with the transactions contemplated by the Merger Agreement, all options, whether vested or unvested, were cancelled and exchanged at a price per share equal to $13.00 minus the exercise price of such share
  • [F6]) For the 2009-2010 service year only, each Eligible Director was granted a special one-time option to purchase 3,000 shares pursuant to the Amended 2004 Director Plan, which vested in full at the 2010 Annual Meeting of Stockholders. In connection with the transactions contemplated by the Merger Agreement, all 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

1 file

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, 4:48 PM ET
Size
34.4 KB
View on SEC.gov