Colpitts Christopher W. 4
4 · STEC, INC. · Filed May 23, 2011
Insider Transaction Report
Form 4
STEC, INC.STEC
Colpitts Christopher W.
Director
Transactions
- Award
Stock Option (Right to Buy)
2011-05-20+15,000→ 90,000 totalExercise: $16.42Exp: 2021-05-20→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]These stock options are issued as annual compensation to non-employee directors of STEC and vest during continuation of Board service in 4 equal annual installments following the date of award, or if earlier, upon a change in control of STEC. The date of award and vesting start date is May 20, 2011, the date immediately following STEC's Annual Meeting of Shareholders.
- [F2]The exercise price per share is 100% of the fair market value of STEC's common stock on the date of grant.