Cook Raymond D 4
4 · STEC, INC. · Filed May 16, 2011
Insider Transaction Report
Form 4
STEC, INC.STEC
Cook Raymond D
Chief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2011-05-13+30,000→ 217,500 totalExercise: $14.80Exp: 2021-05-13→ Common Stock (30,000 underlying) - Award
Restricted Stock Units
2011-05-13+18,500→ 18,500 totalExercise: $0.00→ Common Stock (18,500 underlying)
Footnotes (5)
- [F1]The options may be exercised only to the extent vetsed. 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]Each restricted stock unit ("RSU") represents a contingent right to receive one share of STEC common stock.
- [F4]The RSUs vest in equal annual installments over the four (4) year period following the date of grant.
- [F5]Expiration dates are not applicable to RSUs.