SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person* JAYAM RAM (Last) (First) (Middle) 691 S. MILPITAS BLVD (Street) MILPITAS CA 95035 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 10/21/2003	3. Issuer Name and Ticker or Trading Symbol ADAPTEC INC [ adpt ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) VP/GM SNG Marketing	5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,815	D
Common Stock	287,838	I	Ram and Mayura Jayam, Trustees of the Jayam Living Trust dated 7/25/01

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Incentive Stock Option	(1)	08/28/2011	Common Stock	17,574	$11.38	D
Non Qualified Stock Option	(1)	08/28/2011	Common Stock	46,649	$11.38	D
Incentive Stock Option	(2)	04/10/2009	Common Stock	17,500	$12.21	D
Non Qualified Stock Option	(2)	04/10/2009	Common Stock	7,500	$12.21	D
Incentive Stock Option	(3)	09/30/2009	Common Stock	25,902	$4.51	D
Non Qualified Stock Option	(3)	09/30/2009	Common Stock	24,098	$4.51	D
Non Qualified Stock Option	(4)	08/04/2010	Common Stock	25,000	$6.3	D

Explanation of Responses:

1. These options are fully vested and exercisable.

2. Mr. Jayam was granted a total of 25,000 options on 4/10/2002. 17,500 of these were Incentive Stock Options and 7,500 were Non Qualified Stock Options. These options vest as to 5.0% of the aggregate shares at the end of each three months period elapsed from the grant date through 4/10/2007.

3. Mr. Jayam was granted a total of 50,000 stock options on 9/30/2002. 25,902 options are Incentive Stock Options and 24,098 are Non Qualified Stock Options. These options vest as to 6.25% of the aggregate options at the end of each three months period elapsed from the grant date through 9/30/2006.

4. Vests and becomes exercisable as to 20% of the options on 8/4/2003 and the balance vesting and becoming exercisable in equal quarterly installments through 8/4/2007.

	RAM JAYAM	10/31/2003
	** 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 5 (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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