Westfield John M 4
4 · ADAPTEC INC · Filed Jun 16, 2006
Insider Transaction Report
Form 4
ADAPTEC INCADPT
Westfield John M
VP, Corp. Controller
Transactions
- Award
Incentive Stock Option (right to buy)
2006-06-14$4.24/sh+10,000$42,400→ 10,000 totalExercise: $4.24Exp: 2013-06-14→ Common Stock (10,000 underlying) - Award
Common Stock
2006-06-14$0.00/sh+10,000$10→ 10,000 total - Award
Non-Qualified Stock Option (right to buy)
2006-06-14$4.24/sh+5,000$21,200→ 5,000 totalExercise: $4.24Exp: 2013-06-14→ Common Stock (5,000 underlying)
Footnotes (1)
- [F1]A total of 15,000 stock options were granted on 06/14/2006, of which 10,000 are Incentive Stock options and 5,000 are Non-Qualified Stock Options. 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.