MOSHAYEDI MEHRDAD 4
4 · STEC, INC. · Filed May 15, 2013
Insider Transaction Report
Form 4
STEC, INC.STEC
MOSHAYEDI MEHRDAD
DirectorPresident, COO, CTO, Secretary10% Owner
Transactions
- Award
Stock Option (Right to Buy)
2013-05-13+335,000→ 812,500 totalExercise: $3.36Exp: 2023-05-13→ Common Stock (335,000 underlying) - Award
Restricted Stock Units
2013-05-13−100,000→ 100,000 total→ Common Stock (100,000 underlying)
Footnotes (6)
- [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]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.
- [F6]This annual equity award was approved by sTec's Compensation Committee on February 25, 2013, but in accordance with sTec's Equity Awards Policy and Insider Trading Policy was not granted until May 13, 2013.