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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Incentive Stock Option (right to buy) | $ 3.78 | 08/04/2008 | A | 26,455 | (2) | 08/04/2015 | Common Stock | 26,455 | $ 0 | 26,455 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 3.78 | 08/04/2008 | A | 133,545 | (2) | 08/04/2015 | Common Stock | 133,545 | $ 0 | 133,545 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Sundaresh Subramanian 691 SOUTH MILPITAS BLVD. MILPITAS, CA 95035 |
President & CEO |
/s/ Subramanian Sundaresh | 08/19/2008 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents a Restricted Stock Award for 75,000 shares of common stock that vests in two (2) annual installments with thirty-three and one-thirds percent (33.33%) vesting on 08/04/2009 and sixty-six and two-thirds percent (66.66%) vesting on 08/04/2010. |
(2) | For purposes of clarity, this report restates (in its entirety) the report previously filed on 08/06/2008 to correct an error in footnote 2 regarding the option fully vested date contained in the originally filed Form 4. Footnote 2 is amended to read as follows, "Adaptec granted Mr. Sundaresh stock options to purchase an aggregate of 160,000 shares of common stock on 08/04/2008, of which options to purchase 26,455 shares are Incentive Stock Options and options to purchase 133,545 are Non-Qualified Stock Options. All of these options vest with respect to 8.33% of the total underlying shares at the end of each three-month period, such that the options will be fully vested on 08/04/2011. The options will expire on 08/04/2015." |