UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE
13G
Under the Securities Exchange Act of 1934
(Amendment No. __)
STEC, Inc.
(Name of Issuer)
Common Stock
(Title of Class of
Securities)
784774101
(CUSIP Number)
December 31
,
2008
(Date of Event Which
Requires Filing of this Statement)
Check the appropriate
box to designate the rule pursuant to which this Schedule is filed:
[
X
] Rule
13d-1(b)
[
] Rule 13d-1(c)
[ ] Rule
13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with
respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures
provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be
"filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Potential persons
who are to 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.
1. Names
of Reporting Persons.
Artis Capital Management, L.P.
2. Check
the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
X
3. SEC
Use Only
4. Citizenship
or Place of Organization
CA
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
|
5. Sole Voting Power
0
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6. Shared Voting Power
3,097,862
|
7. Sole Dispositive Power
0
|
8. Shared Dispositive Power
3,097,862
|
9. Aggregate
Amount Beneficially Owned by Each Reporting Person
3,097,862
10. Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
______
11. Percent
of Class Represented by Amount in Row (9)
6.
2
%
12. Type
of Reporting Person (See Instructions)
PN, IA
1. Names
of Reporting Persons.
Artis Capital Management, Inc.
2. Check
the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
X
3. SEC
Use Only
4. Citizenship
or Place of Organization
CA
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
|
5. Sole Voting Power
0
|
6. Shared Voting Power
3,097,862
|
7. Sole Dispositive Power
0
|
8. Shared Dispositive Power
3,097,862
|
9. Aggregate
Amount Beneficially Owned by Each Reporting Person
3,097,862
10. Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
______
11. Percent
of Class Represented by Amount in Row (9)
6.
2
%
12. Type
of Reporting Person (See Instructions)
CO, HC
1. Names
of Reporting Persons.
Stuart L. Peterson
2. Check
the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
X
3. SEC
Use Only
4. Citizenship
or Place of Organization
U.S.A.
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
|
5. Sole Voting Power
0
|
6. Shared Voting Power
3,097,862
|
7. Sole Dispositive Power
0
|
8. Shared Dispositive Power
3,097,862
|
9. Aggregate
Amount Beneficially Owned by Each Reporting Person
3,097,862
10. Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
______
11. Percent
of Class Represented by Amount in Row (9)
6.
2
%
12. Type
of Reporting Person (See Instructions)
IN, HC
Item 1.
(a) Name
of Issuer
STEC, Inc.
(b) Address
of Issuer's Principal Executive Offices
3001 Daimler Street, Santa Ana, CA 92705
Item 2.
(a) The
names of the persons filing this statement are:
Artis Capital Management, L.P. (
"
Artis
"
), Artis Capital Management, Inc. (
"
Artis Inc.
"
)
and
Stuart L. Peterson (collectively, the "Filers")
(b) The
principal business office of the Filers is located at:
One Market Plaza,
Steuart
Street Tower, Suite
2
700, San Francisco, CA 94105
(c) For
citizenship of Filers, see Item 4 of the cover sheet for each Filer.
(d) This
statement relates to shares of common stock of the Issuer (the "Stock").
(e) The
CUSIP number of the Issuer is:
784774101
Item
3. If this statement is filed pursuant to rule 240.13d-1(b) or 240.13d-2(b) or (c), check whether the
person filing is a:
(a) [
] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b) [
] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [
] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) [
] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [
x
] An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E) (as to Artis).
(f) [
] An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F).
(g) [
x
] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G) (as to
Artis Inc. and Mr. Peterson).
(h) [
] A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) [
] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of
the Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j) [
] A non-U.S. institution in accordance with §240.13d-1(b)(ii)(J).
(k) [
] Group, in accordance with Rule 13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in
accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution
_______________________________________________________________.
Item
4. Ownership.
See Items 5-9 and 11 of
the cover page for each Filer.
Item
5. Ownership of Five Percent or Less of a Class
If this statement is
being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
Item
6. Ownership of More than Five Percent on Behalf of Another Person.
Artis is an investment
adviser whose clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale
of, the Stock. No individual client holds more than five percent of the outstanding Stock.
Item
7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By
the Parent Holding Company.
Not applicable.
Item
8. Identification and Classification of Members of the Group.
The Filers are filing this Schedule
13G jointly, but not as members of a group, and each expressly disclaims membership in a group. Artis is a registered investment
adviser and is the investment adviser of investment funds that hold the Stock for the benefit of the investors in those funds. Artis
Inc. is the general partner of Artis. Mr. Peterson is the president of Artis Inc. and the controlling owner of Artis and Artis Inc.
Each of Artis, Artis Inc. and Mr. Peterson disclaims beneficial ownership of the Stock, except to the extent of that person's
pecuniary interest therein.
Item
9. Notice of Dissolution of Group
Not applicable.
Item
10. Certification.
I
certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any
transaction having that purpose or effect.
SIGNATURE
After reasonable
inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and
correct.
Dated: February
13, 2009
ARTIS CAPITAL MANAGEMENT, L.P.
By: Robert A. Riemer, Chief Operating Officer
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EXHIBIT A
AGREEMENT
REGARDING JOINT FILING
OF STATEMENT ON SCHEDULE 13D OR 13G
The undersigned agree to file
jointly with the Securities and Exchange Commission (the "SEC") any and all statements on Schedule 13D or Schedule 13G (and any
amendments or supplements thereto) required under section 13(d) of the Securities Exchange Act of 1934, as amended, in connection
with purchases by the undersigned of the securities of any issuer. For that purpose, the undersigned hereby constitute and appoint
Artis Capital Management, L.P., a California limited partnership, as their true and lawful agent and attorney-in-fact, with full
power and authority for and on behalf of the undersigned to prepare or cause to be prepared, sign, file with the SEC and furnish to
any other person all certificates, instruments, agreements and documents necessary to comply with section 13(d) and section 16(a) of
the Securities Exchange Act of 1934, as amended, in connection with said purchases, and to do and perform every act necessary and
proper to be done incident to the exercise of the foregoing power, as fully as the undersigned might or could do if personally
present.
Dated: February 13,
2009
ARTIS CAPITAL MANAGEMENT, L.P.
By: Robert A. Riemer, Chief Operating Officer
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ARTIS CAPITAL MANAGEMENT, INC.
By: Stuart L. Peterson, President
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Stuart L. Peterson
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Q:EDGAR
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