Saman Robert 4
4 · STEC, INC. · Filed May 16, 2011
Insider Transaction Report
Form 4
STEC, INC.STEC
Saman Robert
General CounselOther
Transactions
- Award
Stock Options (Right to Buy Common Stock)
2011-05-13+20,000→ 40,000 totalExercise: $14.80Exp: 2021-05-13→ Common Stock (20,000 underlying) - Award
Restricted Stock Units
2011-05-13+12,000→ 37,500 totalExercise: $0.00→ Common Stock (12,000 underlying)
Footnotes (5)
- [F1]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 date of grant.
- [F2]The exercise price per share is 100% of the fair market value of STEC's common stock on the date of grant.
- [F3]The restricted stock unit ("RSU") vest in equal annual installments over the four (4) year period following the date of grant.
- [F4]Each RSUs represents a contingent right to receive one share of STEC common stock.
- [F5]Expiration dates are not applicable to RSUs.