-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Khj9oaOEwIlz4SgPGVvUKgLNgnQ7zZA3VyqX6qg+6VWnRW3YXfh9KeDh7XlQ/6/i xlgo+WaM65tJN5ivBbAekA== 0000709804-07-000010.txt : 20070405 0000709804-07-000010.hdr.sgml : 20070405 20070405213757 ACCESSION NUMBER: 0000709804-07-000010 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070327 FILED AS OF DATE: 20070405 DATE AS OF CHANGE: 20070405 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ADAPTEC INC 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 STREET 2: M/S25 CITY: MILPITAS STATE: CA ZIP: 95035 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Johnson Russell CENTRAL INDEX KEY: 0001395304 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15071 FILM NUMBER: 07753381 BUSINESS ADDRESS: BUSINESS PHONE: 408-957-7133 MAIL ADDRESS: STREET 1: 691 SOUTH MILPITAS BLVD. CITY: MILPITAS STATE: CA ZIP: 95035 3 1 primary_doc.xml PRIMARY DOCUMENT X0202 3 2007-03-27 0 0000709804 ADAPTEC INC ADPT 0001395304 Johnson Russell 691 SOUTH MILPITAS BLVD. MILPITAS CA 95035 0 1 0 0 VP World Wide Sales Common Stock 21066 D Incentive Stock Option (right to buy) 3.45 2005-12-19 2010-09-19 Common Stock 4764 D Incentive Stock Option (right to buy) 3.93 2005-10-25 2010-05-25 Common Stock 5401 D Incentive Stock Option (right to buy) 4.24 2006-09-14 2013-06-14 Common Stock 10000 D Incentive Stock Option (right to buy) 4.48 2007-02-13 2013-11-13 Common Stock 10000 D Incentive Stock Option (right to buy) 4.511 2002-12-30 2009-09-30 Common Stock 9000 D Incentive Stock Option (right to buy) 7.66 2005-03-31 2009-12-17 Common Stock 17810 D Incentive Stock Option (right to buy) 9.31 2004-05-21 2011-02-21 Common Stock 7000 D Incentive Stock Option (right to buy) 10.875 1998-11-07 2008-08-07 Common Stock 2825 D Incentive Stock Option (right to buy) 12.21 2002-07-10 2009-04-10 Common Stock 6370 D Incentive Stock Option (right to buy) 13.375 2003-02-13 2007-11-13 Common Stock 5997 D Incentive Stock Option (right to buy) 15.97 2002-04-23 2009-01-23 Common Stock 7000 D Non-Qualified Stock Option (right to buy) 3.45 2005-12-19 2010-09-19 Common Stock 35236 D Non-Qualified Stock Option (right to buy) 3.93 2005-10-25 2010-05-25 Common Stock 5399 D Non-Qualified Stock Option (right to buy) 4.24 2006-09-14 2013-06-14 Common Stock 10000 D Non-Qualified Stock Option (right to buy) 4.48 2007-02-13 2013-11-13 Common Stock 5000 D Non-Qualified Stock Option (right to buy) 6.3 2003-08-04 2010-08-04 Common Stock 7500 D Non-Qualified Stock Option (right to buy) 7.66 2005-03-31 2009-12-17 Common Stock 190 D Non-Qualified Stock Option (right to buy) 11.9375 2001-05-22 2010-11-22 Common Stock 6000 D Non-Qualified Stock Option (right to buy) 12.5 1998-10-21 2007-07-10 Common Stock 3000 D Non-Qualified Stock Option (right to buy) 12.5 1998-10-21 2008-07-06 Common Stock 5650 D Non-Qualified Stock Option (right to buy) 12.5 2000-01-01 2008-10-21 Common Stock 200 D Non-Qualified Stock Option (right to buy) 13.375 2001-11-13 2007-11-13 Common Stock 503 D Non-Qualified Stock Option (right to buy) 14.9 2001-12-28 2008-12-28 Common Stock 4517 D Non-Qualified Stock Option (right to buy) 15.29 2001-12-27 2008-12-27 Common Stock 11150 D Options were fully vested prior to becoming a reporting officer. A total of 20,000 stock options were granted on 06/14/2006, of which 10,000 are Incentive Stock Options and 10,000 are Non-Qualified Stock Options. The aggregate of these options vest at a 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 06/14/2009. A total of 15,000 stock options were granted on 11/13/2006, of which 10,000 are Incentive Stock Options and 5,000 are Non-Qualified Stock Options. The aggregate of these options vest at a 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 11/13/2009. A total of 18,000 stock options were granted on 12/17/2004, of which 17,810 are Incentive Stock Options and 190 are Non-Qualified Stock Options. These options have two vesting schedules, of which 8,000 stock options fully vested on 3/31/2007. The remainder 10,000 stock options vest at a rate of 25% on 3/31/2005 and an additional 8.33% of the total option shares at the end of each three month period thereafter, such that the total option shares will be fully vested on 3/31/2008. A total of 7,000 stock options were granted on 02/21/2004. These options vest at a rate of 5% of the total option shares at the end of each three month period, such that the total option shares will be fully vested on 02/21/2009. A total of 6,370 stock options were granted on 04/10/2002. These options vest at a rate of 5% of the total option shares at the end of each three month period, such that the total option shares will be fully vested on 04/10/2007. A total of 7,500 stock options were granted on 08/04/2003. These options vest at a rate of 20% on 08/04/2003 and an additional 5% of the total option shares at the end of each three month period thereafter, such that the total option shares will be fully vested on 08/04/2007. By: John Westfield For: Russell Johnson 2007-04-05 EX-24 2 poajohnson.htm POWER OF ATTORNEY POWER OF ATTORNEY

POWER OF ATTORNEY

Know all persons by these presents that the undersigned hereby constitutes and appoints John Westfield as the undersigned's true and lawful attorney-in-fact to:

  1. execute for and on behalf of the undersigned, in the undersigned's capacity as an officer and/or director of Adaptec, Inc. (the "Company"), Forms 3, 4s and 5s in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder;
  2. do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such Forms 3, 4s and 5s, complete and execute any amendment or amendments thereto, and file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and
  3. take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this power of attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.

The undersigned hereby grants to such attorney-in-fact full power and authority to do and perform each and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution and revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934, as amended.

The undersigned agrees that such attorney-in-fact may rely entirely on information furnished orally or in writing by the undersigned to such attorney-in-fact. The undersigned also agrees to indemnify and hold harmless the Company and such attorney-in-fact against any losses, claims, damages or liabilities (or actions in these respects) that arise out of or are based on any untrue statement or omission of necessary facts in the information provided by the undersigned to such attorney-in-fact for purposes of executing, acknowledging, delivering and filing Forms 3, 4s or 5s (including amendments thereto) and agrees to reimburse the Company and such attorney-in-fact for any legal or other expenses reasonably incurred in connection with investigating or defending against any such loss, claim, damage, liability or action.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4s and 5s with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 30th day of March, 2007.

/s/ Russell Johnson

Russell Johnson

 -----END PRIVACY-ENHANCED MESSAGE-----