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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MOSHAYEDI MEHRDAD C/O STEC, INC. 3001 DAIMLER STREET SANTA ANA, CA 92705-5812 |
X | PRESIDENT and CEO |
/s/ Mehrdad (Mark) Moshayedi /rms under power of attorney | 11/21/2012 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On September 4, 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. |
(2) | 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. |
(3) | 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. |
(4) | 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. |