Colpitts Christopher W. 4
4 · STEC, INC. · Filed May 29, 2009
Insider Transaction Report
Form 4
STEC, INC.STEC
Colpitts Christopher W.
Director
Transactions
- Award
Stock Option (Right to Buy Common Stock)
2009-05-27+30,000→ 30,000 totalExercise: $16.62Exp: 2019-05-26→ Common Stock (30,000 underlying)
Holdings
- 30,000
Stock Option (Right to Buy Common Stock)
Exercise: $5.41Exp: 2019-03-04→ Common Stock (30,000 underlying)
Footnotes (2)
- [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 March 5, 2009 (the date of grant).
- [F2]This option shall vest and become exercisable in four equal annual installments commencing on May 27, 2010.