0000865415-13-000047.txt : 20131021 0000865415-13-000047.hdr.sgml : 20131021 20131021200858 ACCESSION NUMBER: 0000865415-13-000047 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130827 FILED AS OF DATE: 20131021 DATE AS OF CHANGE: 20131021 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ADEPT TECHNOLOGY INC CENTRAL INDEX KEY: 0000865415 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 942900635 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: 5960 INGLEWOOD DRIVE CITY: PLEASANTON STATE: CA ZIP: 94588 BUSINESS PHONE: 9252453400 MAIL ADDRESS: STREET 1: 5960 INGLEWOOD DRIVE CITY: PLEASANTON STATE: CA ZIP: 94588 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hannon Terry CENTRAL INDEX KEY: 0001584915 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-27122 FILM NUMBER: 131162391 MAIL ADDRESS: STREET 1: 5960 INGLEWOOD DRIVE CITY: PLEASANTON STATE: CA ZIP: 94588 4 1 edgardoc.xml PRIMARY DOCUMENT X0306 4 2013-08-27 0 0000865415 ADEPT TECHNOLOGY INC ADEP 0001584915 Hannon Terry 5960 INGLEWOOD DRIVE PLEASANTON CA 94558 0 1 0 0 Chief Bus Dev/Strategy Officer 1 Non-Qualified Stock Option (right to buy) 3.27 2013-08-27 4 A 0 30488.0 3.27 A 2023-08-27 Common Stock 30488 30488 D 1 Non-Qualified Stock Option (right to buy) 4.6 2013-08-27 4 A 0 30488.0 4.6 A 2023-08-27 Common Stock 30488 30488 D 1 Non-Qualified Stock Option (right to buy) 6.9 2013-08-27 4 A 0 30487.0 6.9 A 2023-08-27 Common Stock 30487 30487 D On August 27, 2013, the reporting person was granted performance stock options to purchase an aggregate of 91,463 shares of Adept Technology, Inc.'s common stock, with 1/3 of such options having an exercise price equal to the grant date stock price of $3.27, 1/3 having an exercise price of $4.60 and 1/3 having an exercise price of $6.90.The options vest upon Adept's satisfaction of certain performance criteria, with: 20% vesting upon the closing stock price exceeding each of the following for 30 consecutive trading days: $7.00, $9.20 and $12.00; 20% vesting upon the two consecutive fiscal quarters of positive earnings per share;5% vesting upon attaining a minimum specified revenue for or before the Company's fiscal 2015 and fiscal 2017; and 5% vesting upon attaining a minimum specified cash at fiscal year end for or before the Company's fiscal 2015 and fiscal 2017.None of the options have vested as of the date of this filing. Terry P. Hannon 2013-10-21