- Initial Statement of Beneficial Ownership (3)
November 26 2010 - 4:08PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0104
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February 28, 2011
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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
*
Saman Robert
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2. Date of Event Requiring Statement (MM/DD/YYYY)
11/18/2010
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3. Issuer Name
and
Ticker or Trading Symbol
STEC, INC. [STEC]
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(Last)
(First)
(Middle)
3001 DAIMLER ST
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4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director
_____ 10% Owner
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X
___ Officer (give title below)
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X
___ Other (specify below)
General Counsel / Assistant Secretary
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(Street)
SANTA ANA, CA 92705
(City)
(State)
(Zip)
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5. 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 Beneficially Owned
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1.Title of Security
(Instr. 4)
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2. Amount of Securities Beneficially Owned
(Instr. 4)
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3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
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4. Nature of Indirect Beneficial Ownership
(Instr. 5)
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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. 4)
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2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
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3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
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4. Conversion or Exercise Price of Derivative Security
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5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
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6. Nature of Indirect Beneficial Ownership
(Instr. 5)
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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 Options (Right to Buy Common Stock)
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(1)
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7/26/2020
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Common Stock
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20000
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$15.60
(2)
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D
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Restricted Stock Units
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(3)
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(5)
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Common Stock
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25500
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$0
(4)
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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 vesting commencement date (first date of employment).
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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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These restricted stock units ("RSUs") vest in equal annual installments over the four (4) year period following the date of grant (or vesting commencement date, for RSUs awarded upon the reporting person joining STEC).
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(
4)
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Each RSU represents a contingent right to receive one share of STEC common stock.
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(
5)
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Expiration dates are not applicable to RSUs.
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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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Saman Robert
3001 DAIMLER ST
SANTA ANA, CA 92705
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General Counsel
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Assistant Secretary
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Signatures
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/s/ Robert M. Saman
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11/26/2010
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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 5(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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