ADEPT TECHNOLOGY INC 4
4 · ADEPT TECHNOLOGY INC · Filed Jan 16, 2014
Insider Transaction Report
Form 4
Cain Rob
President and CEO
Transactions
- Award
Restricted Stock Unit
2014-01-14+112,500→ 112,500 totalExercise: $0.00→ Common Stock (112,500 underlying) - Award
1 Non-Qualified Stock Option (right to buy)
2014-01-14$17.36/sh+54,500$946,120→ 54,500 totalExercise: $17.36From: 2014-02-14Exp: 2024-01-14→ Common Stock (54,500 underlying)
Footnotes (3)
- [F1]Employee stock options granted pursuant to 2005 Equity Incentive Plan; 1/36th of the shares underlying the options become exercisable for each month which has expired after the Vesting Commencement Date
- [F2]Each restricted stock unit represents a contingent right to receive one share of ADEP common stock.
- [F3]The restricted stock units were granted in lieu of options contemplated by the reporting person's employment agreement. The restricted stock units will vest and settle in full upon the earlier to occur of a) Mr. Cain's termination of employment for any reason, or b) a change in control. The number of shares that will vest upon such time will depend on the Company's stock price and certain performance criteria at such time.