Statement of Changes in Beneficial Ownership (4)
May 15 2013 - 6:03PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
MOSHAYEDI MEHRDAD
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2. Issuer Name
and
Ticker or Trading Symbol
STEC, INC.
[
STEC
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
PRESIDENT and CEO
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(Last)
(First)
(Middle)
C/O STEC, INC., 3001 DAIMLER STREET
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3. Date of Earliest Transaction
(MM/DD/YYYY)
5/13/2013
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(Street)
SANTA ANA, CA 92705-5812
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Stock Option (Right to Buy)
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$3.36
(2)
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5/13/2013
(6)
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A
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335000
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(1)
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5/13/2023
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Common Stock
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335000
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$0
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812500
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D
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Restricted Stock Units
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(3)
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5/13/2013
(6)
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A
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100000
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(4)
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(5)
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Common Stock
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100000
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$0
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100000
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D
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Explanation of Responses:
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(
1)
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The option may be exercised only to the extent vested. The shares subject to the option grant vest and become exercisable in equal annual installments over the four (4) year period following the date of grant.
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(
2)
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The exercise price per share is 100% of the fair market value of sTec's common stock on the date of grant.
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(
3)
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Each restricted stock unit ("RSU") represents a contingent right to receive one share of sTec common stock.
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(
4)
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The RSUs vest in equal annual installments over the four (4) year period following the date of grant.
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(
5)
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Expiration dates are not applicable to RSUs.
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(
6)
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This annual equity award was approved by sTec's Compensation Committee on February 25, 2013, but in accordance with sTec's Equity Awards Policy and Insider Trading Policy was not granted until May 13, 2013.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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MOSHAYEDI MEHRDAD
C/O STEC, INC.
3001 DAIMLER STREET
SANTA ANA, CA 92705-5812
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X
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PRESIDENT and CEO
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Signatures
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/s/ Mehrdad (Mark) Moshayedi /rms under power of attorney
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5/15/2013
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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