SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Form 3 Holdings Reported.
  
Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
Dulchinos John D

(Last) (First) (Middle)
3011 TRIAD DRIVE

(Street)
LIVERMORE CA 94551

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ADEPT TECHNOLOGY INC [ ADEP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, Robotics
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
06/30/2006
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock 08/31/2005 J(1) 600 A $4.505 12,806 D
Common Stock 02/28/2006 J(1) 600 A $4.505 13,406(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1 Non-Qualified Stock Option (right to buy) $1.5 05/08/2003(3) 04/08/2013 Common Stock 4,225 4,225 D
1 Non-Qualified Stock Option (right to buy) $5.5 04/09/2005(4) 03/09/2015 Common Stock 5,000 5,000 D
1 Non-Qualified Stock Option (right to buy) $6.5 09/13/2004(4) 09/13/2014 Common Stock 10,000 10,000 D
1 Non-Qualified Stock Option (right to buy) $13.95 06/03/2002(4) 05/03/2012 Common Stock 989 989 D
1 Non-Qualified Stock Option (right to buy) $16.3 01/14/2002(5) 01/01/2012 Common Stock 2,528 2,528 D
1 Non-Qualified Stock Option (right to buy) $16.55 11/22/2001(6) 10/22/2011 Common Stock 632 632 D
1 Non-Qualified Stock Option (right to buy) $35.81 09/09/2001(7) 08/09/2011 Common Stock 1,167 1,167 D
1 Non-Qualified Stock Option (right to buy) $42 07/15/2001(7) 06/15/2011 Common Stock 1,250 1,250 D
1 Non-Qualified Stock Option (right to buy) $118.75 09/01/2000(7) 08/01/2010 Common Stock 971 971 D
4-Incentive Stock Option (right to buy) $1.5 04/08/2003(3) 04/08/2013 Common Stock 3,775 3,775 D
4-Incentive Stock Option (right to buy) $9.85 12/18/2005(8) 11/18/2015 Common Stock 2,000 2,000 D
4-Incentive Stock Option (right to buy) $10.8 03/09/2006(8) 02/09/2016 Common Stock 2,500 2,500 D
4-Incentive Stock Option (right to buy) $13.94 06/05/2006 05/05/2016 Common Stock 2,500 2,500 D
4-Incentive Stock Option (right to buy) $13.95 06/03/2002(7) 05/03/2012 Common Stock 1,511 1,511 D
4-Incentive Stock Option (right to buy) $27.81 11/08/1999(7) 10/08/2009 Common Stock 2,200 2,200 D
4-Incentive Stock Option (right to buy) $27.82 10/17/1998(7) 09/17/2008 Common Stock 1,120 1,120 D
4-Incentive Stock Option (right to buy) $32.5 09/08/1996(7) 08/08/2006 Common Stock 320 320 D
4-Incentive Stock Option (right to buy) $35.16 03/11/1999(7) 02/11/2009 Common Stock 600 600 D
4-Incentive Stock Option (right to buy) $35.81 09/09/2001(7) 08/09/2011 Common Stock 833 833 D
4-Incentive Stock Option (right to buy) $37.5 03/01/2000(7) 02/01/2010 Common Stock 6,000 6,000 D
4-Incentive Stock Option (right to buy) $42 07/15/2001(7) 06/15/2011 Common Stock 750 750 D
4-Incentive Stock Option (right to buy) $118.75 09/01/2000(7) 08/01/2010 Common Stock 1,029 1,029 D
Explanation of Responses:
1. Shares purchased through Adept Technology's 1998 Employee Stock Purchase Plan, which satisfies the exemption requirements of Rule 16b-3.
2. This Form is being filed only to report that the directly owned common stock holdings reflected in Table I of this form includes shares purchased through Adept Technology's 1998 Employee Stock Purchase Plan, which satisfies the exemption requirements of Rule 16b-3.
3. April 8, 2003 grant per the 1993 Stock Plan vesting 50% over 6 months and 50% over 24 months. 1,000 options of total granted on 4/8/03 will be fully vested on grant date.
4. Employee non-qualified stock option granted pursuant to 2001 Stock Plan, 1/48 of the Shares subject to the Option for each month which has expired after the Vesting Commencement Date.
5. Employee stock option granted pursuant to the 2001 Stock Plan. Shares shall be exercisable in twelve equal monthly increments after the January 2002 vesting commencement date.
6. Employee stock option granted pursuant to the 2001 Stock Plan. Shares shall be exercisable in three equal monthly increments after the October 2001 vesting commencement date.
7. Employee stock option granted pursuant to 1993 Stock Plan, 1/48 of the Shares subject to the Option for each month which has expired after the Vesting Commencement Date; provided, however, this Option shall not be exercisable prior to one year from date of hire
8. Employee stock option granted pursuant to 2003 Stock Plan; 1/48 of the shares underlying the options become exercisable for each month which has expired after the Vesting Commencement Date.
John Dulchinos 08/08/2006
** 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 4 (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.
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