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*
Goyal Manoj

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

(Street)
MILPITAS CA 95035

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/27/2007
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 Global Product Development
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 18,000 D
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 (right to buy) 05/08/2007(1) 05/08/2013 Common Stock 71,718 $5.47 D
Non-Qualified Stock Option (right to buy) 02/13/2007(2) 11/13/2013 Common Stock 50,000 $4.48 D
Non-Qualified Stock Option (right to buy) 05/08/2007(1) 05/08/2013 Common Stock 63,282 $5.47 D
Explanation of Responses:
1. A total of 135,000 stock options were granted on 05/08/2006, of which 71,718 are Incentive Stock Options and 63,282 are Non-Qualified Stock Options. The aggregate of these options vest at the rate of 25% of the total option shares on 05/08/2007 and an additional 8.33% of the total option shares at the end of each three month period thereafter, such that the total option shares will be fully vested on 05/08/2010.
2. A total of 50,000 stock options were granted on 11/13/2006. The aggregate of these options vest at the rate of 8.33% of the total option shares at the end of each three month period, such that the total option shares will be fully vested on 11/13/2009.
By: John Westfield For: Manoj Goyal 04/05/2007
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.