Filing Details
- Accession Number:
- 0000709804-10-000016
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-06-10 13:00:00
- Reporting Period:
- 2010-06-08
- Filing Date:
- 2010-06-10
- Accepted Time:
- 2010-06-10 21:10:58
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 709804 | Adaptec Inc | ADPT | Computer Communications Equipment (3576) | 942748530 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1314205 | Mary Dotz | 691 South Milpitas Blvd. Milpitas CA 95035 | Chief Financial Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2010-06-08 | 3,820 | $3.03 | 25,952 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2010-06-08 | 16,501 | $3.03 | 9,451 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2010-06-09 | 26,933 | $2.86 | 36,384 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-06-09 | 26,933 | $3.03 | 9,451 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2010-06-09 | 113,067 | $2.86 | 122,518 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-06-09 | 113,067 | $3.03 | 9,451 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2010-06-09 | 104,326 | $2.94 | 113,777 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-06-09 | 104,326 | $3.03 | 9,451 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2010-06-09 | 20,674 | $2.94 | 30,125 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-06-09 | 20,674 | $3.03 | 9,451 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2010-06-09 | 45,000 | $0.00 | 54,451 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-06-09 | 54,451 | $3.03 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | F | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Incentive Stock Option (right to buy) | Disposition | 2010-06-09 | 26,933 | $0.00 | 26,933 | $2.86 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2010-06-09 | 113,067 | $0.00 | 113,067 | $2.86 |
| Common Stock | Incentive Stock Option (right to buy) | Disposition | 2010-06-09 | 104,326 | $0.00 | 104,326 | $2.94 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2010-06-09 | 20,674 | $0.00 | 20,674 | $2.94 |
| Common Stock | Restricted Stock Units | Disposition | 2010-06-09 | 45,000 | $0.00 | 45,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2016-08-03 | No | 4 | M | Direct | |
| 0 | 2016-08-03 | No | 4 | M | Direct | |
| 0 | 2015-03-31 | No | 4 | M | Direct | |
| 0 | 2015-03-31 | No | 4 | M | Direct | |
| 0 | No | 4 | M | Direct |
Footnotes
- Represents shares that were automatically withheld to cover tax withholding obligations.
- A total of 140,000 stock options were granted on August 3, 2009. 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 August 3, 2012. The Company accelerated 100% of the remaining unvested stock options on June 8, 2010.
- A total of 125,000 stock options were granted on March 31, 2008. The aggregate of these options vested at the rate of 25% of the total option shares on March 31, 2009 and an additional 8.33% of the total option shares vest at the end of each three month period thereafter, such that the total option shares will be fully vested on March 31, 2012. The Company accelerated 100% of the remaining unvested stock options on June 8, 2010.
- Represents a Restricted Stock Unit for shares of common stock that vests, based on certain performance criteria, over a period of 36 months. The Company accelerated 100% of the remaining unvested restricted stock units on June 8, 2010, which was originally granted on April 1, 2009. Each Restricted Stock Unit represents a contingent right to receive one share of Adaptec, Inc. common stock.
- Not Applicable.
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