4//SEC Filing
ADEPT TECHNOLOGY INC 4
Accession 0000865415-15-000026
CIK 0000865415operating
Filed
Oct 26, 8:00 PM ET
Accepted
Oct 27, 4:50 PM ET
Size
13.6 KB
Accession
0000865415-15-000026
Insider Transaction Report
Form 4
BURDITT BENJAMIN A
Director
Transactions
- Disposition to Issuer
1 Non-Qualified Stock Option (right to buy)
2015-10-23$13.00/sh−10,000$130,000→ 0 totalExercise: $3.78From: 2011-11-09Exp: 2021-08-29→ Common Stock (10,000 underlying) - Disposition to Issuer
1 Non-Qualified Stock Option (right to buy)
2015-10-23$13.00/sh−6,000$78,000→ 0 totalExercise: $9.15From: 2014-11-20Exp: 2023-11-20→ 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 totalExercise: $3.02From: 2013-11-08Exp: 2022-11-09→ 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 totalExercise: $8.66From: 2015-11-13Exp: 2024-11-13→ Common Stock (6,000 underlying)
Footnotes (3)
- [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]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
- [F3]On August 29, 2011, pursuant to a March 5, 2010 adoption by the Issuer?s Board of Directors, the reporting person, as a non-employee director, was granted 10,000 options vesting in the amount of 50% of the grant on the first annual meeting of stockholders following his appointment or election as a director and the remaining 50% vesting at the second annual meeting of stockholders of the Issuer following his appointment or election as a director. 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.
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, 4:50 PM ET
- Size
- 13.6 KB