4//SEC Filing
M&S MOSHAYEDI REVOCABLE TRUST DTD 11-16-95 4
Accession 0001181431-09-016222
CIK 0001102741other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 8:46 PM ET
Size
15.8 KB
Accession
0001181431-09-016222
Insider Transaction Report
Form 4
STEC, INC.STEC
MOSHAYEDI MANOUCH
DirectorChief Executive Officer
Transactions
- Sale
Common Stock
2009-03-13$7.52/sh−151,300$1,137,700→ 6,413,414 total(indirect: By Trust) - Sale
Common Stock
2009-03-16$7.75/sh−224,700$1,740,639→ 6,188,714 total(indirect: By Trust) - Sale
Common Stock
2009-03-17$7.92/sh−24,000$190,051→ 6,164,714 total(indirect: By Trust)
Holdings
- 1,457,878(indirect: By Trust)
Common Stock
- 62,584
Non-Qualified Stock Options (Right to Buy Common Stock)
Exercise: $10.69Exp: 2018-05-06→ Common Stock (62,584 underlying) - 37,416
Incentive Stock Options (Right to Buy Common Stock)
Exercise: $11.76Exp: 2013-05-06→ Common Stock (37,416 underlying) - 70,464(indirect: By Children)
Common Stock
Footnotes (8)
- [F1]These shares are owned directly by the M. and S. Moshayedi Revocable Trust, dated 11/16/95, a ten percent owner of the issuer, and indirectly by Manouch Moshayedi as the trustee of this trust and who may be deemed to be a ten percent owner of the issuer. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F2]These shares are owned directly by the M. and S. Moshayedi Investment Trust, dated 11/16/95, and Manouch Moshayedi is an indirect beneficiary of the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F3]This option shall vest and become exercisable in four equal annual installments commencing on May 7, 2009.
- [F4]The reporting person disclaims beneficial ownership of the shares held by his children except to the extent of his pecuniary interest therein.
- [F5]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the M. and S. Moshayedi Revocable Trust, dated 11/16/95, on November 28, 2008.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.50 to $7.80, inclusive. The reporting person undertakes to provide to STEC, Inc., any security holder of STEC, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (6), (7) & (8) to this Form 4.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.50 to $7.89, inclusive.
- [F8]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.80 to $7.99, inclusive.
Documents
Issuer
STEC, INC.
CIK 0001102741
Entity typeother
IncorporatedCA
Related Parties
1- filerCIK 0001254605
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 8:46 PM ET
- Size
- 15.8 KB