4//SEC Filing
MOSHAYEDI MEHRDAD 4
Accession 0001181431-09-016224
CIK 0001102741other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 8:47 PM ET
Size
20.1 KB
Accession
0001181431-09-016224
Insider Transaction Report
Form 4
STEC, INC.STEC
MOSHAYEDI SEMIFA
10% Owner
Transactions
- Sale
Common Stock
2009-03-17$7.92/sh−24,000$190,051→ 7,098,925 total(indirect: By Trust) - Sale
Common Stock
2009-03-13$7.52/sh−151,300$1,137,700→ 7,347,625 total(indirect: By Trust) - Sale
Common Stock
2009-03-16$7.75/sh−224,700$1,740,639→ 7,122,925 total(indirect: By Trust)
Holdings
- 1,070,496(indirect: By Trust)
Common Stock
- 250,000
Non-Qualified Stock Option (Right to Buy Common Stock)
Exercise: $3.84Exp: 2015-02-23→ Common Stock (250,000 underlying) - 87,665
Non-Qualified Stock Option (Right to Buy Common Stock)
Exercise: $3.08Exp: 2013-05-21→ Common Stock (87,665 underlying) - 70,464(indirect: By Children)
Common Stock
- 37,416
Incentive Stock Option (Right to Buy Common Stock)
Exercise: $11.76Exp: 2013-05-06→ Common Stock (37,416 underlying) - 12,584
Non-Qualified Stock Option (Right to Buy Common Stock)
Exercise: $10.69Exp: 2018-05-06→ Common Stock (12,584 underlying)
MOSHAYEDI MEHRDAD
DirectorPresident, COO, CTO, Secretary10% Owner
Transactions
- Sale
Common Stock
2009-03-16$7.75/sh−224,700$1,740,639→ 7,122,925 total(indirect: By Trust) - Sale
Common Stock
2009-03-13$7.52/sh−151,300$1,137,700→ 7,347,625 total(indirect: By Trust) - Sale
Common Stock
2009-03-17$7.92/sh−24,000$190,051→ 7,098,925 total(indirect: By Trust)
Holdings
- 70,464(indirect: By Children)
Common Stock
- 37,416
Incentive Stock Option (Right to Buy Common Stock)
Exercise: $11.76Exp: 2013-05-06→ Common Stock (37,416 underlying) - 250,000
Non-Qualified Stock Option (Right to Buy Common Stock)
Exercise: $3.84Exp: 2015-02-23→ Common Stock (250,000 underlying) - 1,070,496(indirect: By Trust)
Common Stock
- 12,584
Non-Qualified Stock Option (Right to Buy Common Stock)
Exercise: $10.69Exp: 2018-05-06→ Common Stock (12,584 underlying) - 87,665
Non-Qualified Stock Option (Right to Buy Common Stock)
Exercise: $3.08Exp: 2013-05-21→ Common Stock (87,665 underlying)
Transactions
- Sale
Common Stock
2009-03-16$7.75/sh−224,700$1,740,639→ 7,122,925 total(indirect: By Trust) - Sale
Common Stock
2009-03-13$7.52/sh−151,300$1,137,700→ 7,347,625 total(indirect: By Trust) - Sale
Common Stock
2009-03-17$7.92/sh−24,000$190,051→ 7,098,925 total(indirect: By Trust)
Holdings
- 1,070,496(indirect: By Trust)
Common Stock
- 37,416
Incentive Stock Option (Right to Buy Common Stock)
Exercise: $11.76Exp: 2013-05-06→ Common Stock (37,416 underlying) - 250,000
Non-Qualified Stock Option (Right to Buy Common Stock)
Exercise: $3.84Exp: 2015-02-23→ Common Stock (250,000 underlying) - 12,584
Non-Qualified Stock Option (Right to Buy Common Stock)
Exercise: $10.69Exp: 2018-05-06→ Common Stock (12,584 underlying) - 87,665
Non-Qualified Stock Option (Right to Buy Common Stock)
Exercise: $3.08Exp: 2013-05-21→ Common Stock (87,665 underlying) - 70,464(indirect: By Children)
Common Stock
Footnotes (10)
- [F1]These shares are owned directly by the D. and N. Moshayedi Investment Trust, dated 9/25/98, and Mark Moshayedi is an indirect beneficiary of this trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F10]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.
- [F2]These options are fully vested and immediately exercisable.
- [F3]This option shall vest and become exercisable in four equal annual installments commencing on May 7, 2009.
- [F4]Under the issuer's 2000 Stock Incentive Plan and IRS rules, incentive stock options granted to a holder of 10% or more of the issuer's common stock must have an exercise price per share not less than 110% of the fair market value per share of the common stock on the grant date and a term of not more than 5 years.
- [F5]These shares are owned directly by the M. and S. Moshayedi Revocable Trust, dated 9/25/98, a ten percent owner of the issuer, and indirectly by Mark Moshayedi and Semira Moshayedi as co-trustees of this trust, each of whom may be deemed to be a ten percent owner of the issuer. Each of the co-trustees disclaim beneficial ownership of these securities except to the extent of his or her pecuniary interest therein.
- [F6]Each of Mark Moshayedi and Semira Moshayedi disclaims beneficial ownership of these securities held by their children except to the extent of their pecuniary interest therein.
- [F7]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 9/25/98, on November 28, 2008.
- [F8]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 (8), (9) & (10) to this Form 4.
- [F9]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.
Documents
Issuer
STEC, INC.
CIK 0001102741
Entity typeother
Related Parties
1- filerCIK 0001193507
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 8:47 PM ET
- Size
- 20.1 KB