ADAPTEC INC 4
4 · ADAPTEC INC · Filed May 25, 2005
Insider Transaction Report
Form 4
ADAPTEC INCadpt
Sundaresh Subramanian
President & CEO
Transactions
- Award
Incentive Stock Option
2005-05-23+136,985→ 136,985 totalExercise: $3.65From: 2010-05-23Exp: 2012-05-23→ Common Stock (136,985 underlying) - Award
Non-Qualified Stock Option
2005-05-23+163,015→ 163,015 totalExercise: $3.65From: 2010-05-23Exp: 2012-05-23→ Common Stock (163,015 underlying)
Footnotes (1)
- [F1]A total of 300,000 stock options were granted on 05/23/2005, of which 136,985 are Incentive Stock Options and 163,015 are Non Qualified Stock Options. The aggregate of these options vest at the rate of 20% of the total option shares on 5/23/2006 and an additional 5% of the total option shares at the end of each three month period thereafter, such that the total option shares will be fully vested on 05/23/2010.