Colpitts Christopher W. 4
4 · STEC, INC. · Filed May 22, 2012
Insider Transaction Report
Form 4
STEC, INC.STEC
Colpitts Christopher W.
Director
Transactions
- Award
Stock Option (Right to Buy)
2012-05-18+15,000→ 105,000 totalExercise: $7.02Exp: 2022-05-18→ 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 18, 2012, 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.