-----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, M4w4ORprv4INnpnHz8YeMUMBS7nOURl7uy54zQJvce8mghvVW9pt3cFTL9xjmyqU kNz9c6W32GIyE4Vjhx8uOw== 0000921895-08-000476.txt : 20080213 0000921895-08-000476.hdr.sgml : 20080213 20080213193115 ACCESSION NUMBER: 0000921895-08-000476 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080207 FILED AS OF DATE: 20080213 DATE AS OF CHANGE: 20080213 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: QUICKE JOHN J CENTRAL INDEX KEY: 0001179588 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15071 FILM NUMBER: 08607287 BUSINESS ADDRESS: STREET 1: C/O SEQUA CORP STREET 2: 200 PARK AVENUE , 44TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10166 BUSINESS PHONE: 2129865500X5210 MAIL ADDRESS: STREET 1: C/O SEQUA CORP STREET 2: 200 PARK AVENUE, 44TH FL CITY: NEW YORK STATE: NY ZIP: 10166 4 1 qui52.xml X0202 4 2008-02-07 0 0000709804 ADAPTEC INC ADPT 0001179588 QUICKE JOHN J C/O STEEL PARTNERS II L.P. 590 MADISON AVENUE, 32ND FLOOR NEW YORK NY 10022 1 0 0 1 See Footnote No. 3 Restricted Stock Unit 0.0010 2008-02-07 4 A 0 1 0 A 2008-12-13 Common Stock, $.001 Par Value 16250 1 D Stock Appreciation Right 3.2800 2008-02-07 4 A 0 1 0 A 2008-12-13 Common Stock, $.001 Par Value 32500 1 D Restricted Stock Unit ("RSU") granted pursuant to the Issuer's 2006 Director Plan. The RSU covers 16,250 shares of common stock of the Issuer (the "Shares"). Upon vesting, the Reporting Person is entitled to receive cash from the Issuer in an amount equal to 100% of the amount of the fair market value of the Shares multiplied by the number of Shares with respect to which the RSU shall have been vested. The RSU vests with respect to 1/3 of the Shares underlying the RSU on December 13, 2008 and 1/12 of the Shares quarterly thereafter. The Reporting Person has no rights as a shareholder with respect to any Shares by virtue of the holding of the RSU and would not become a shareholder upon settlement. The RSU expires upon the earliest of (a) the Reporting Person ceasing to be a member of the Board of Directors of the Issuer or (b) each vesting and the related cash settlement. The Reporting Person is also a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding common stock. Stock Appreciation Right ("SAR") granted pursuant to the Issuer's 2006 Director Plan. The SAR covers 32,500 Shares. The SAR is exercisable, to the extent it has vested, at an exercise price equal to $3.28 per Share (the "Exercise Price"). Upon exercise, the Reporting Person is entitled to receive cash from the Issuer in an amount equal to 100% of the amount by which the fair market value of the Shares on the date of exercise exceeds the Exercise Price multiplied by the number of Shares with respect to which the SAR shall have been exercised. The SAR vests with respect to 1/3 of the Shares underlying the SAR on December 13, 2008 and 1/12 of the Shares quarterly thereafter. The Reporting Person has no rights as a shareholder with respect to any Shares by virtue of the holding of the SAR and would not become a shareholder upon settlement. The SAR expires upon the earlier of (a) December 13, 2017, (b) three months after the Reporting Person ceases to be a member of the Board of Directors of the Issuer or (c) one year after the Reporting Person ceases to be a member of the Board of Directors of the Issuer due to the Reporting Person's death or disability. /s/ Quicke, John J. 2008-02-13 -----END PRIVACY-ENHANCED MESSAGE-----