0000921895-11-001131.txt : 20110527 0000921895-11-001131.hdr.sgml : 20110527 20110527200328 ACCESSION NUMBER: 0000921895-11-001131 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110525 FILED AS OF DATE: 20110527 DATE AS OF CHANGE: 20110527 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ADPT Corp CENTRAL INDEX KEY: 0000709804 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 942748530 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 691 S MILPITAS BLVD STREET 2: M/S25 CITY: MILPITAS STATE: CA ZIP: 95035 BUSINESS PHONE: 4089458600 MAIL ADDRESS: STREET 1: 691 SOUTH MILPITAS BLVD., SUITE 208 STREET 2: M/S25 CITY: MILPITAS STATE: CA ZIP: 95035 FORMER COMPANY: FORMER CONFORMED NAME: ADAPTEC INC DATE OF NAME CHANGE: 19920703 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LICHTENSTEIN WARREN G CENTRAL INDEX KEY: 0001005784 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15071 FILM NUMBER: 11879460 MAIL ADDRESS: STREET 1: C/O STEEL PARTNERS II L P STREET 2: 590 MADISON AVENUE, 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 4 1 form404197036c_05252011.xml X0303 4 2011-05-25 0 0000709804 ADPT Corp ADPT 0001005784 LICHTENSTEIN WARREN G C/O STEEL PARTNERS HOLDINGS L.P. 590 MADISON AVENUE, 32ND FLOOR NEW YORK NY 10022 1 1 1 0 President of Subsidiary Common Stock, $.001 Par Value 36891172 I By Steel Partners II, L.P. Non-Qualified Stock Option (right to buy) 2.9100 2011-05-25 4 A 0 1 0 A Common Stock, $.001 Par Value 250000 1 D Restricted Stock Unit 0.0000 2011-05-25 4 A 0 1 0 A Common Stock, $.001 Par Value 25000 1 D Shares owned directly by Steel Partners II, L.P. ("Steel Partners II") and owned indirectly by Mr. Lichtenstein by virtue of his position as the manager of Steel Partners LLC, the manager of Steel Partners II. Mr. Lichtenstein disclaims beneficial ownership of the shares owned by Steel Partners II except to the extent of his pecuniary interest therein. Represents a Non-Qualified Stock Option under the Issuer's 2004 Equity Incentive Plan covering 250,000 shares of the Issuer's common stock. The Option vests in equal quarterly installments over a three year period with the first vesting date being August 25, 2011. The term of the Option commences on May 25, 2011 and expires upon the earliest of (i) May 25, 2018 or (ii) three (3) months after the date that Mr. Lichtenstein ceases to be a member of the Board of Directors of the Issuer (the "Board") or an Executive Officer of the Issuer; provided that if Mr. Lichtenstein ceases to be a member of the Board or an Executive Officer due to Mr. Lichtenstein's death or Disability, then one year after so ceasing to be a member of the Board or an Executive Officer. Represents a Restricted Stock Unit under the Issuer's 2006 Director Plan covering 25,000 shares of the Issuer's common stock. The Unit vests on the earlier of (i) May 25, 2012 or (ii) the date the Reporting Person ceases to be a member of the Board for any reason, including as a result of his death or Disability. The Unit expires upon the date the Unit vests and the shares of common stock are settled and issued. By: /s/ Sanford Antignas, as Attorney in Fact for Warren G. Lichtenstein 2011-05-27