MOSHAYEDI MANOUCH 4
4 · STEC, INC. · Filed Nov 21, 2012
Insider Transaction Report
Form 4
STEC, INC.STEC
MOSHAYEDI MANOUCH
DirectorChief Executive Officer
Transactions
- Gift
Common Stock (Gifted)
2012-05-09−1,133,923→ 2,291,077 total(indirect: By Trust) - Purchase
Common Stock
2012-11-20$4.41/sh+54,829$241,796→ 2,395,914 total(indirect: By Trust) - Purchase
Common Stock
2012-11-19$4.07/sh+50,008$203,533→ 2,341,085 total(indirect: By Trust) - Purchase
Common Stock
2012-11-21$4.50/sh+32,828$147,726→ 2,428,742 total(indirect: By Trust)
Holdings
- 25,000
Common Stock
Footnotes (4)
- [F1]On May 9, 2012, the reporting person made a bona fide gift to an irrevocable trust for the benefit of his descendants. The reporting person does not serve as a trustee of, or have voting or investment control over the securities held by, such trust. The reporting person transferred these shares as a gift in an exempt transaction pursuant to Rule 16b-5 of the Exchange Act. The reporting person disclaims beneficial ownership of the shares held by the trust. The reporting person would be obligated to disclose this gift on a Form 5 filing on or before February 14, 2013, but the reporting person's share acquisitions beginning on November 19, 2012 has now accelerated the disclosure of the gift.
- [F2]The shares were acquired on November 19, 2012 in the open market. This transaction was executed in multiple trades at prices ranging from $3.96 to $4.14. The price reported above reflects the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the shares purchased at each separate price.
- [F3]The shares were acquired on November 20, 2012 in the open market. This transaction was executed in multiple trades at prices ranging from $4.07 to $4.50. The price reported above reflects the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the shares purchased at each separate price.
- [F4]The shares were acquired on November 21, 2012 in the open market. This transaction was executed in multiple trades at prices ranging from $4.48 to $4.50. The price reported above reflects the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the shares purchased at each separate price.