Sundaresh Subramanian 4
4 · ADAPTEC INC · Filed Jun 16, 2006
Insider Transaction Report
Form 4
ADAPTEC INCADPT
Sundaresh Subramanian
President & CEO
Transactions
- Award
Common Stock
2006-06-14$0.00/sh+50,000$50→ 55,000 total - Award
Non-Qualified Stock Option (right to buy)
2006-06-14$4.24/sh+150,000$636,000→ 150,000 totalExercise: $4.24Exp: 2013-06-14→ Common Stock (150,000 underlying)
Footnotes (1)
- [F1]A total of 150,000 stock options were granted on 06/14/2006. The aggregate of these options vest at the rate of 8.33% of the total option shares at the end of each three month period, such that the total option shares will be fully vested on 06/14/2009.