Sec Form 4 Filing - HALE MARTIN M JR @ ADEPT TECHNOLOGY INC - 2014-01-02

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
HALE MARTIN M JR
2. Issuer Name and Ticker or Trading Symbol
ADEPT TECHNOLOGY INC [ ADEP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
See Remarks
(Last) (First) (Middle)
17 STATE STREET, SUITE 3230
3. Date of Earliest Transaction (MM/DD/YY)
01/02/2014
(Street)
NEW YORK, NY10004
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.001 (the "Common Stock") 01/02/2014 A 6,142 A 40,412 I See footnote ( 2 )
Common Stock 02/18/2014 C 1,739,130 A 1,779,542 I See footnote ( 2 )
Common Stock 02/18/2014 S 57,500 D $ 18.05 ( 4 ) 1,722,042 I See footnote ( 2 )
Common Stock 02/19/2014 A 2,473 A 1,724,515 I See footnote ( 2 )
Common Stock 02/19/2014 S 50,500 D $ 17.56 ( 5 ) 1,674,015 I See footnote ( 2 )
Common Stock 02/20/2014 S 44,615 D $ 17.72 ( 6 ) 1,629,400 I See footnote ( 2 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Convertible Preferred Stock $ 4.6 02/18/2014 C 8,000 ( 3 ) ( 3 ) Common Stock 1,739,130 $ 0 0 I See footnote ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HALE MARTIN M JR
17 STATE STREET, SUITE 3230
NEW YORK, NY10004
X X See Remarks
Signatures
/s/ Martin M. Hale, Jr. 02/20/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Common Stock reported herein was issued to ROBO (as defined below) as a dividend payment on the Series A Convertible Preferred Stock of the Issuer held by ROBO and was approved in advance by the Issuer's board of directors in the manner prescribed by Rule 16b-3(d).
( 2 )The securities reported herein are indirectly held by Hale Capital Partners, LP, a Delaware limited partnership ("HCP") through HCP-ROBO, LLC, a Delaware limited liability company ("ROBO"), of which HCP is the sole member. Martin M. Hale, Jr. ("MH") is the Chief Executive Officer of HCP. MH is also (i) the sole owner and managing member of Hale Fund Partners, LLC, a Delaware limited liability company ("HFP"), the general partner of HCP and (ii) the sole owner and Chief Executive Officer of Hale Fund Management, LLC, a Delaware limited liability company ("HFM"), the general partner of Hale Capital Management, LP ("HCM"), the manager of HCP. Each of MH, ROBO, HCP, HFP, HFM and HCM disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
( 3 )The Common Stock reported here in Table I was issued upon conversion of the Issuer's Series A Convertible Preferred Stock. The Series A Convertible referred Stock reported here in Table II was converted by the Issuer pursuant to the Issuer's conversion right at aconversion price of $4.60. It was exercisable by the holder at any time and had no expiration date.
( 4 )The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.85 to $18.50, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each price within the range set forth herein.
( 5 )The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.25 to $18.01, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each price within the range set forth herein.
( 6 )The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.70 to $17.88, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each price within the range set forth herein.

Remarks:
MH serves on the Board of Directors of the Issuer as a representative of HCP. Accordingly, ROBO, HCP, HFP, HFM and HCM are directors by deputization by virtue of the fact that MH currently serves on the board of directors of the Issuer.

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