4//SEC Filing
ADAPTEC INC 4
Accession 0001246044-04-000001
CIK 0000709804operating
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 5:17 PM ET
Size
8.6 KB
Accession
0001246044-04-000001
Insider Transaction Report
Form 4
ADAPTEC INCADPT
STEPHENS ROBERT N
President and CEO
Transactions
- Award
Non-Qualified Stock Option
2004-12-17+162,500→ 2,965,151 totalExercise: $7.66From: 2008-03-31Exp: 2009-12-17→ Common Stock (162,500 underlying)
Footnotes (4)
- [F1]Becomes exercisable as to 25% of the total option on March 31, 2005. The remaining 75% becomes exercisable in equal installments at the end of each three month period thereafter, such that the option is 100% exercisable by March 31, 2008.
- [F2]73,934 are attributable to outstanding Incentive Stock Option; 2,891,217 are attributable to outstanding Non-Qualified Stock Options.
- [F3]Options will become vested and 100% exercisable on March 31, 2007, unless certain performance criteria are achieved in advance of March 31, 2007, in which case the options will immediately become vested and exercisable.
- [F4]73,934 are attributable to outstanding Incentive Stock Option; 3,053,717 are attributable to outstanding Non-Qualified Stock Options.
Documents
Issuer
ADAPTEC INC
CIK 0000709804
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000709804
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 5:17 PM ET
- Size
- 8.6 KB