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Filing Details

Accession Number:: 0000902664-14-001314
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-02-20 18:06:04
Reporting Period:: 2014-01-02

Filing Date:: 2014-02-20
Accepted Time:: 2014-02-20 18:06:04
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
865415	Adept Technology Inc	ADEP	Special Industry Machinery, Nec (3559)	942900635

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1272935	Jr M Martin Hale	17 State Street, Suite 3230 New York NY 10004		Yes	No	Yes	Yes

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.001 (The "Common Stock")	Acquisiton	2014-01-02	6,142	$0.00	40,412	No	4	A	Indirect	See footnote
Common Stock	Acquisiton	2014-02-18	1,739,130	$0.00	1,779,542	No	4	C	Indirect	See footnote
Common Stock	Disposition	2014-02-18	57,500	$18.05	1,722,042	No	4	S	Indirect	See footnote
Common Stock	Acquisiton	2014-02-19	2,473	$0.00	1,724,515	No	4	A	Indirect	See footnote
Common Stock	Disposition	2014-02-19	50,500	$17.56	1,674,015	No	4	S	Indirect	See footnote
Common Stock	Disposition	2014-02-20	44,615	$17.72	1,629,400	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Indirect	See footnote
No	4	C	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	A	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Convertible Preferred Stock	Disposition	2014-02-18	8,000	$0.00	1,739,130	$4.60

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	C	Indirect

Footnotes

The Common Stock reported herein was issued to ROBO (as defined below) as a dividend payment on the Series A Convertible Preferred Stock of the Issuer held by ROBO and was approved in advance by the Issuer's board of directors in the manner prescribed by Rule 16b-3(d).
The securities reported herein are indirectly held by Hale Capital Partners, LP, a Delaware limited partnership ("HCP") through HCP-ROBO, LLC, a Delaware limited liability company ("ROBO"), of which HCP is the sole member. Martin M. Hale, Jr. ("MH") is the Chief Executive Officer of HCP. MH is also (i) the sole owner and managing member of Hale Fund Partners, LLC, a Delaware limited liability company ("HFP"), the general partner of HCP and (ii) the sole owner and Chief Executive Officer of Hale Fund Management, LLC, a Delaware limited liability company ("HFM"), the general partner of Hale Capital Management, LP ("HCM"), the manager of HCP. Each of MH, ROBO, HCP, HFP, HFM and HCM disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
The Common Stock reported here in Table I was issued upon conversion of the Issuer's Series A Convertible Preferred Stock. The Series A Convertible referred Stock reported here in Table II was converted by the Issuer pursuant to the Issuer's conversion right at aconversion price of $4.60. It was exercisable by the holder at any time and had no expiration date.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.85 to $18.50, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each price within the range set forth herein.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.25 to $18.01, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each price within the range set forth herein.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.70 to $17.88, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each price within the range set forth herein.