4//SEC Filing
STEC, INC. 4
Accession 0001181431-07-038199
CIK 0001102741operating
Filed
Jun 5, 8:00 PM ET
Accepted
Jun 6, 3:09 PM ET
Size
7.5 KB
Accession
0001181431-07-038199
Insider Transaction Report
Form 4
STEC, INC.STEC
MANIAN VAHID
Director
Transactions
- Award
Common Stock
2007-06-04+2,000→ 2,000 total
Holdings
- 30,000
Stock Option (Right to Buy Common Stock)
Exercise: $9.35Exp: 2017-02-08→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]This option was issued under the Automatic Option Grant Program of the issuer's 2000 Stock Incentive Plan upon the reporting person's first appointment to the issuer's board of directors. This option is immediately exercisable for all of the underlying shares of common stock, however, the shares of common stock acquired upon exercise are subject to repurchase by the issuer at the original issue price per share. The reporting person shall acquire a vested interest in, and the issuer's repurchase right shall accordingly lapse with respect to, 20% of the shares of common stock upon the reporting person's completion of each year of service to the issuer over the five year period measured from February 9, 2007 (the date of grant).
- [F2]The securities awarded on 06/04/2007 are in the form of restricted stock units ("RSUs") that will entitle the reporting person to receive one share of common stock per RSU. The RSUs will vest, and the underlying shares will be concurrently issued, upon the reporting person's completion of service on the issuer's board of directors over the one year period measured from the grant date.
- [F3]The RSUs were awarded to the reporting person without the payment of any consideration by the reporting person.
Documents
Issuer
STEC, INC.
CIK 0001102741
Entity typeoperating
IncorporatedCA
Related Parties
1- filerCIK 0001102741
Filing Metadata
- Form type
- 4
- Filed
- Jun 5, 8:00 PM ET
- Accepted
- Jun 6, 3:09 PM ET
- Size
- 7.5 KB