Summary: Software Transactional Memory (STM) is a generic synchronization construct that enables automatic conversion of correct sequential objects into correct nonblocking concurrent objects. Recent STM systems, though significantly more practical than their predecessors, display inconsistent performance: differing design decisions cause different systems to perform best in different circumstances, often by dramatic margins. In this paper we consider four dimensions of the STM design space: (i) when concurrent objects are acquired by transactions for modification; (ii) how they are acquired; (iii) what they look like when not acquired; and (iv) the non-blocking semantics for transactions (lock-freedom vs. obstruction-freedom). In this 4-dimensional space we highlight the locations of two leading STM systems: the DSTM of Herlihy et al. and the OSTM of Fraser and Harris. Drawing motivation from the performance of a series of application benchmarks, we then present a new Adaptive STM (ASTM) system that adjusts to the offered workload, allowing it to match the performance of the best known existing system on every tested workload.