TRI VALLEY TECHNOLOGY PARK LLC 3
3 · ADEPT TECHNOLOGY INC · Filed Jan 23, 2004
Insider Transaction Report
Form 3
ADEPT TECHNOLOGY INCADTK.OB
TRI VALLEY CAMPUS I LLC
10% Owner
Holdings
Convertible Subordinated Note
Exercise: $1.00From: 2003-08-06Exp: 2006-06-30→ Common Stock (3,000,000 underlying)
Footnotes (2)
- [F1]Tri-Valley Campus I, LLC is the holder of a $3,000,000 in principal amount 6% Convertible Subordinated Note, due June 30, 2006 (the "Convertible Note"), which may be converted, at any time at the option of Tri-Valley Campus I, LLC, into shares of common stock, no par value, of Adept Technology, Inc. at a conversion price of $1.00 per share, which conversion price is subject to adjustment as set forth in the Convertible Note. In addition, accrued interest on the Convertible Note may be payable, at the option of Adept Technology, Inc., in shares of common stock of Adept Technology, Inc.
- [F2]The reported securities are owned directly by Tri-Valley Campus I, LLC and indirectly by Tri-Valley Technology Park LLC as managing member of Tri-Valley Campus I, LLC. Tri-Valley Technology Park LLC disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.