ADAPTEC INC 4
4 · ADAPTEC INC · Filed Dec 21, 2004
Insider Transaction Report
Form 4
ADAPTEC INCADPT
LIM KOK YONG
Vice President
Transactions
- Award
Non-Qualified Stock Option
2004-12-17+25,000→ 411,607 totalExercise: $7.66From: 2008-03-31Exp: 2009-12-17→ Common Stock (25,000 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]26,225 are attributable to outstanding Incentive Stock Option; 385,382 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]26,225 are attributable to outstanding Incentive Stock Option; 410,382 are attributable to outstanding Non-Qualified Stock Options.