<PAGE> 1
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-24557
PROSPECTUS SUPPLEMENT DATED DECEMBER 17, 1997
(To Prospectus dated June 24, 1997, and the
Prospectus Supplements dated August
4, 1997, August 20, 1997, October 1, 1997,
and November 26, 1997)
ADAPTEC, INC.
U.S. $230,000,000
4 3/4% Convertible Subordinated Notes due February 1, 2004
and
Shares of Common Stock Issuable Upon Conversion Thereof
-----------------------
This Prospectus Supplement together, with the Prospectus and Prospectus
Supplements listed above, is to be used by certain holders of the
above-referenced securities or by their transferees, pledgees, donees or their
successors in connection with the offer and sale of the above referenced
securities.
<PAGE> 2
The table captioned "Selling Securityholders" commencing on page 52 of
the Prospectus is hereby amended to reflect the following additions and changes.
<TABLE>
<CAPTION>
NUMBER OF SHARES OF
PRINCIPAL AMOUNT OF NOTES COMMON STOCK BENEFICIALLY
BENEFICIALLY OWNED OWNED AND OFFERED
SELLING SECURITYHOLDER AND OFFERED HEREBY HEREBY(1)(2)
- ------------------------------------------------------ ------------------------- -------------------------
<S> <C> <C>
Allstate Insurance Company............................ 1,500,000 29,036
Baptist Health of Miami............................... 90,000 1,742
Dunham & Associates Fund III.......................... 10,000 193
Lazard Freres & Co.................................... 5,000,000 96,786
Physicians Life....................................... 250,000 4,839
San Diego City Retirement............................. 274,000 5,303
SBC Warburg Dillon Read Inc........................... 2,550,000 49,361
</TABLE>
(1) Includes shares of Common Stock issuable upon conversion of the Notes.
(2) Assumes a conversion price of $51.66 per share, and a cash payment in
lieu of any fractional share interest; such conversion price is subject
to adjustment as described under "Description of Notes -- Conversion."
Accordingly the number of shares of Common Stock issuable upon
conversion of the Notes may increase or decrease from time to time.
Under the terms of Indenture, fractional shares will not be issued upon
conversion of the Notes; cash will be paid in lieu of fractional shares,
if any.
