X0202 3/A 2004-08-26 2004-09-03 0 0000709804 ADAPTEC INC adpt 0001302247 Kelly Eric 691 S. MILPITAS BLVD MILPITAS CA 95035 0 1 0 0 VP/GM Incentive Stock Option 1.42 2006-09-12 2013-04-24 Common Stock 345625 D Non Qualified Stock Option 1.42 2006-09-12 2013-04-24 Common Stock 218704 D Incentive Stock Option 7.03 2008-07-26 2011-07-26 Common Stock 25162 D Non Qualified Stock Option 7.03 2008-07-26 2011-07-26 Common Stock 49838 D Mr. Kelly held a total of 564,331 stock options with a grant date of 4/24/03. Because of IRS limitations on Incentive Stock Options, these options are split into Incentive and Non Qualified Stock Options, of which 345,625 are ISOs and 218,704 are NQs. The aggregate of these options vested 15% on the date of grant, 21.25% on the first anniversary of the date of grant, and the balance in equal installments on a monthly basis through 9/12/2006. Mr. Kelly held a total of 75,000 stock options with a grant date of 7/26/2004. Because of IRS limitations on Incentive Stock Options, these options are split into Incentive and Non Qualified Stock Options, of which 25,162 are ISOs and 49,838 are NQs. The aggregate of these options vest 25% on the first anniversary of the date of grant, and the balance in equal installments on a quarterly basis through 7/26/2008. ERIC KELLY 2004-11-03