SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Dotz Mary

(Last) (First) (Middle)
691 SOUTH MILPITAS BLVD.

(Street)
MILPITAS CA 95035

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ADAPTEC INC [ ADPT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/16/2009
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/16/2009 F 4,584(1) D $3.29 37,082 D
Common Stock 12/16/2009 F 2,292(2) D $3.29 34,790 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares that were automatically withheld to cover tax withholding obligations. On December 16, 2009, the Company accelerated 25% of the total restricted stock award granted on March 31, 2008 (as reported on Form 4 filed on April 2, 2008), not to exceed the unvested options as of November 6, 2009, as per the provisions of the 2004 Equity Incentive Plan.
2. Represents shares that were automatically withheld to cover tax withholding obligations. On December 16, 2009, the Company accelerated 25% of the total restricted stock award granted on August 4, 2008 (as reported on Form 4 filed on August 6, 2008), not to exceed the unvested options as of November 6, 2009, as per the provisions of the 2004 Equity Incentive Plan.
Remarks:
- On December 16, 2009, the Company accelerated 25% of the total stock options granted on March 31, 2008 (as reported on Form 4 filed on April 2, 2008), not to exceed the unvested options as of November 6, 2009, as per the provisions of the 2004 Equity Incentive Plan. - On December 16, 2009, the Company accelerated 25% of the total stock options granted on August 4, 2008 (as reported on Form 4 filed on August 6, 2008), not to exceed the unvested options as of November 6, 2009, as per the provisions of the 2004 Equity Incentive Plan.
/s/ Mary Dotz 12/18/2009
** 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 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).
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