ADEPT TECHNOLOGY INC 4
4 · ADEPT TECHNOLOGY INC · Filed May 3, 2006
Insider Transaction Report
Form 4
MARTIN HERB
Director
Transactions
- Award
1 Non-Qualified Stock Option (right to buy)
2006-05-02$10.20/sh+10,000$102,000→ 10,000 totalExercise: $10.20From: 2007-05-02Exp: 2016-05-02→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]Per the 2004 Director Option Plan, initial grant of 10,000 options issued to new director (First Option) shall become exercisable as to 25% of the shares subject to the First Option one year after its date of grant and as to 1/48th of the shares each month thereafter so that the First Option shall be fully exercisable four years after the date of grant, provided that the Optionee continues to serve as a Director as of such dates.