-----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, HgcvdQHyGBn1WjbQAEh586g+My6EGSNnxjoULV5Lok1moDuXUWAambilmhSdgcdA V3Dbnuj4FzFcrRT9vp27cA== 0001047469-04-028677.txt : 20040914 0001047469-04-028677.hdr.sgml : 20040914 20040914140826 ACCESSION NUMBER: 0001047469-04-028677 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20040914 DATE AS OF CHANGE: 20040914 FILER: 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 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-113557 FILM NUMBER: 041029313 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 424B3 1 a2142395z424b3.htm 424B3

Prospectus Supplement #5
(to prospectus dated April 7, 2004)

 

Filed pursuant to Rule 424(b)(3)
Registration No. 333-113557

 

 

 

GRAPHIC

ADAPTEC, INC.
$225,000,000

3/4% Convertible Senior Notes due 2023
and 19,224,203 shares of Common Stock issuable upon conversion of the Notes


        This prospectus supplement relates to the resale by the holders of our 3/4% Convertible Senior Notes due 2023 and 19,224,203 shares of our common stock issuable upon the conversion of the notes. You should read this prospectus supplement in conjunction with the prospectus dated April 7, 2004, which is to be delivered with this prospectus supplement.

        The information in the table appearing under the heading "Selling Securityholders" in the prospectus is amended by the addition of the information appearing in the table below:

 
  Principal Amount of Notes
  Number of Shares of Common Stock
Selling Securityholder(1)

  Beneficially
Owned and
Offered Hereby(1)

  Percentage
of Notes
Outstanding

  Beneficially
Owned(1)(2)

  Offered
Hereby

  Owned
After the
Offering

Deephaven Domestic Convertible Trading Ltd.(3)†   $ 5,904,000   2.6 % 504,443   504,443   0
Salomon Brothers Asset Management Inc.†   $ 3,050,000   1.4 % 260,594   260,594   0
Sphinx Convertible Arbitrage Fund SPC(3)   $ 96,000   *   8,202   8,202   0

*
Less than 1%

(†)
Each of these selling securityholders is also an affiliate of a broker-dealer. Each of these selling securityholders has indicated to us that they have purchased the notes in the ordinary course of business, and at the time of such purchase, had no agreements or understandings, directly or indirectly, with any person to distribute the notes or the shares of common stock issuable upon conversion of the notes.

(1)
Information regarding the selling securityholders may change from time to time. Any such changed information will be set forth in supplements if and when necessary.

(2)
Assumes a conversion price of approximately 85.4409 shares of common stock per $1,000 principal amount of notes and a cash payment in lieu of any fractional share interest. However, this conversion price will be subject to adjustment as described under "Description of Notes—Conversion Rights" in the prospectus. As a result, the amount of common stock issuable upon conversion of the notes may increase or decrease in the future.

(3)
Colin Smith has sole investment control over these securities. Mr. Smith is the CEO and CIO of Deephaven Capital Management LLC, the investment adviser of both funds, and serves as the sole director of Deephaven Domestic Convertible Trading Ltd.

        Investing in the notes or our common stock involves a high degree of risk. Please carefully consider the "Risk Factors" beginning on page 5 of the prospectus, as well as the "Risk Factors" section included in our recent reports filed with the Securities and Exchange Commission.

        NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE PROSPECTUS OR THIS PROSPECTUS SUPPLEMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

The date of this prospectus supplement is September 14, 2004.



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