Filing Details

Accession Number:
0001181431-12-060065
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-11-21 18:13:34
Reporting Period:
2012-11-19
Filing Date:
2012-11-21
Accepted Time:
2012-11-21 18:13:34
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1102741 Stec Inc. STEC Computer Storage Devices (3572) 330399154
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1193507 Mehrdad Moshayedi C/o Stec, Inc.
3001 Daimler Street
Santa Ana CA 92705-5812
President And Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock (Gifted) Disposition 2012-09-04 1,126,760 $0.00 3,163,290 No 5 G Indirect Held in Trust
Common Stock Acquisiton 2012-11-19 50,008 $4.07 3,213,298 No 4 P Indirect Held in Trust
Common Stock Acquisiton 2012-11-20 54,828 $4.41 3,268,126 No 4 P Indirect Held in Trust
Common Stock Acquisiton 2012-11-21 32,828 $4.50 3,300,954 No 4 P Indirect Held in Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 G Indirect Held in Trust
No 4 P Indirect Held in Trust
No 4 P Indirect Held in Trust
No 4 P Indirect Held in Trust
Footnotes
  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.