FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 01/22/2008 |
3. Issuer Name and Ticker or Trading Symbol
ADEPT TECHNOLOGY INC [ ADEP ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 447 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
1 Non-Qualified Stock Option (right to buy) | 11/22/2001(1) | 10/22/2011 | Common Stock | 260 | $16.55 | D | |
4-Incentive Stock Option (right to buy) | 10/08/2003(2) | 04/08/2013 | Common Stock | 2,140 | $1.5 | D | |
4-Incentive Stock Option (right to buy) | 10/08/2003(3) | 04/08/2013 | Common Stock | 510 | $4.25 | D | |
4-Incentive Stock Option (right to buy) | 04/09/2005(4) | 03/09/2015 | Common Stock | 5,000 | $5.5 | D | |
4-Incentive Stock Option (right to buy) | 11/04/2007(5) | 10/04/2017 | Common Stock | 7,000 | $5.74 | D | |
4-Incentive Stock Option (right to buy) | 05/27/2004(4) | 04/27/2014 | Common Stock | 10,000 | $6.75 | D | |
4-Incentive Stock Option (right to buy) | 11/18/2006(5) | 11/17/2016 | Common Stock | 17,500 | $8.067 | D | |
4-Incentive Stock Option (right to buy) | 06/03/2002(6) | 05/03/2012 | Common Stock | 800 | $13.95 | D | |
4-Incentive Stock Option (right to buy) | 10/06/2001(6) | 09/06/2011 | Common Stock | 500 | $23.2 | D | |
4-Incentive Stock Option (right to buy) | 07/15/2001(6) | 06/15/2011 | Common Stock | 1,200 | $42 | D | |
4-Incentive Stock Option (right to buy) | 02/28/2001(6) | 03/01/2010 | Common Stock | 800 | $57.5 | D | |
4-Incentive Stock Option (right to buy) | 09/01/2000(6) | 08/01/2010 | Common Stock | 600 | $118.75 | D |
Explanation of Responses: |
1. Employee stock option granted pursuant to the 2001 Stock Plan. Shares shall be exercisable in three equal monthly increments after the October 2001 vesting commencement date. |
2. April 8, 2003 grant per the 1993 Stock Plan vesting 50% over 6 months and 50% over 24 months. |
3. The two reported transactions involve an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on April 8, 2003 and provides for 50% of the shares to vest over two years subject to the option for each month which has expired starting 6 months after the Vesting Commencement Date of April 8, 2003. |
4. Employee stock option granted pursuant to 2003 Stock Plan; 1/48 of the shares underlying the options become exercisable for each month which has expired after the Vesting Commencement Date. |
5. Employee stock option granted pursuant to 2005 Incentive Plan; 1/48 of the shares underlying the options become exercisable for each month which has expired after the Vesting Commencement Date |
6. Employee stock option granted pursuant to 1993 Stock Plan. |
By: Lisa M. Cummins For: David Pap Rocki | 01/24/2008 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |