Adaptec 2010 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 2010 Adaptec annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 105

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105

PART III
The information concerning our directors and executive officers required by this Item is incorporated by reference from the
information set forth in the sections entitled “Election of Directors”, “Code of Business Conduct and Ethics”, “Executive Officers”,
and “Section 16(a) Beneficial Ownership Reporting Compliance” in our Proxy Statement for the 2011 Annual Stockholder Meeting.
The information required by this Item is incorporated by reference from the information set forth in the sections entitled
“Director Compensation,” “Executive Compensation,” “Compensation Committee Interlocks and Insider Participation,” and
“Compensation Committee Report” in our Proxy Statement for the 2011 Annual Stockholder Meeting.
The information concerning security ownership of certain beneficial owners that is required by this Item is incorporated by
reference from the information set forth in the section entitled “Common Stock Ownership of Certain Beneficial Owners and
Management” in our Proxy Statement for the 2011 Annual Stockholder Meeting.
Equity Compensation Plan Information
The following table provides information as of December 26, 2010 with respect to the shares of our common stock that may be
issued under our existing equity compensation plans.
89
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.
ITEM 11. EXECUTIVE COMPENSATION.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
STOCKHOLDER MATTERS.
Plan Category
Number of Securities to be
issued upon exercise of
outstanding options and vesting
of outstanding RSU’s
Weighted-average
exercise price of
outstanding options
Number of securities remaining
available for future issuance under
equity compensation plans
Equity compensation
plans approved by
securit
y
holders
28,074,752
$8.21
30,636,852
Equity compensation
plans not approved
b
y
securit
y
holders
2,694,080
$ 10.21
—
Balance at
December 26, 201
0
30,768,832
$8.40
30,636,852
(1) Consists of the 1994 Incentive Stock Plan (the “1994 Plan”), the 1991 Employee Stock Purchase Plan (the “1991 Plan”) and the
2008 E
q
uit
y
Plan (the “2008 Plan”).
(2) Includes 21,838,214 shares available for issuance in the 2008 Plan and 8,798,638 shares available for issuance in the 1991 Plan.
(3) Consists of the 2001 Stock Option Plan (the “2001 Plan”), which was created to replace a number of stock option plans assumed
by us in connection with mergers and acquisitions we completed prior to 2001. The number of options that may be granted
under the 2001 Plan equals (i) the number of shares reserved under the assumed stock option plans that were not subject to
outstanding or exercised options plus (ii) the number of options that were outstanding at the time the plans were assumed but
that have subsequently been cancelled plus (iii) 10 million shares that were added to the plan in 2003. This also includes Passave
Inc. 2003 Israeli Option Plan (the “2003 Plan”) and the Passave, Inc. 2005 U.S. Stock Incentive Plan (the “2005 Plan”), which
were assumed through the Passave acquisition, as well as, the Wintegra, Inc. 2006 Equity Incentive Plan (the “2006 Plan”)
which was assumed throu
g
h the Winte
g
ra ac
q
uisition.
(1) (2)
(3)
(4)