STEPHENS ROBERT N 4
4 · ADAPTEC INC · Filed Aug 6, 2003
Insider Transaction Report
Form 4
ADAPTEC INCADPT
STEPHENS ROBERT N
President and CEO
Transactions
- Award
Non Qualified Stock Option
2003-08-04+300,000→ 2,477,651 totalExercise: $6.30From: 2007-08-04Exp: 2010-08-04→ Common Stock (300,000 underlying)
Footnotes (2)
- [F1]Becomes exercisable as to 20% of the total option immediately upon grant. The remaining 80% becomes exercisable in equal installments at the end of each three month period after the grant date, such that the option is 100% exercisable by 8/4/2007.
- [F2]52,452 are attributable to outstanding Incentive Stock Options; 2,425,199 are attributable to outstanding Non Qualified Stock Options.