Edgar Filing: SIMPLETECH INC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT 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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

MOSHAYEDI MASOUD

2. Issuer Name and Ticker or Trading Symbol
SIMPLETECH INC [STEC]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
President

(Last)

(First)

(Middle)

3001 DAIMLER STREET

3. Date of Earliest Transaction (Month/Day/Year)
12/06/2006

(Street)

SANTA ANA, CA 92705-5812

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								2,000	D ⁽⁶⁾
Common Stock								9,000	I	By Wife ⁽³⁾
Common Stock								1,354,346	I	By Trust ⁽⁵⁾
Common Stock	12/06/2006		S⁽⁴⁾		22,785	D	$ 10.6	7,251,511	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		11,981	D	$ 10.61	7,239,530	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		5,150	D	$ 10.62	7,234,380	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		5,478	D	$ 10.63	7,228,902	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		7,643	D	$ 10.64	7,221,259	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		4,233	D	$ 10.65	7,217,026	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		9,893	D	$ 10.66	7,207,133	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		5,937	D	$ 10.67	7,201,196	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		3,213	D	$ 10.68	7,197,983	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		2,987	D	$ 10.69	7,194,996	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		2,438	D	$ 10.7	7,192,558	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		800	D	$ 10.71	7,191,758	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		762	D	$ 10.72	7,190,996	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		12,325	D	$ 10.75	7,178,671	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		21,375	D	$ 10.76	7,157,296	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		5,300	D	$ 10.77	7,151,996	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		4,813	D	$ 10.78	7,147,183	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		1,700	D	$ 10.79	7,145,483	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		6,600	D	$ 10.8	713,883	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		7,400	D	$ 10.81	7,131,483	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		11,087	D	$ 10.82	7,120,396	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		3,491	D	$ 10.83	7,116,905	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		6,076	D	$ 10.84	7,110,829	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		8,124	D	$ 10.85	7,102,705	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		4,737	D	$ 10.86	7,097,968	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		3,872	D	$ 10.87	7,094,096	I	By Trust ⁽¹⁾
Common Stock	12/06/2006		S⁽⁴⁾		2,200	D	$ 10.88	7,091,896	I	By Trust ⁽¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

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)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Incentive Stock Options (Right to Buy Common Stock)

$ 3.39

⁽²⁾

05/21/2008

Common Stock

162,335

Non-Qualified Stock Option (Right to Buy Common Stock)

$ 3.08

⁽²⁾

05/21/2013

Common Stock

87,665

Non-Qualified Stock Option (Right to Buy Common Stock)

$ 3.84

⁽²⁾

02/23/2015

Common Stock

100,000

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
MOSHAYEDI MASOUD 3001 DAIMLER STREET SANTA ANA, CA 92705-5812	X	X	President
GHADIMI PARTO 3001 DAIMLER STREET SANTA ANA, CA 92705-5812		X
M&P REVOCABLE TRUST DTD 12-30-96 3001 DAIMLER STREET SANTA ANA, CA 92705-5812		X

Signatures

/s/ Mike Moshayedi		12/08/2006
^**Signature of Reporting Person		Date
/s/ Mike Moshayedi, Co-Trustee		12/08/2006
^**Signature of Reporting Person		Date
/s/ Parto Ghadimi		12/08/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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)	These shares are owned directly by the M. and P. Moshayedi Revocable Trust, dated 12/30/96, a ten percent owner of the issuer, and indirectly by Mike Moshayedi and Parto Ghadimi as co-trustees of this trust, each of whom may be deemed to be a ten percent owner of the issuer. Each of the co-trustees disclaim beneficial ownership of these securities except to the extent of his or her pecuniary interest therein.
(2)	These options are owned directly by Mike Moshayedi and are fully vested and immediately exercisable. Parto Ghadimi disclaims beneficial owneship of these securities except to the extent of her pecuniary interest therein.
(3)	These shares are owned directly by Mike Moshayedi's spouse, Parto Ghadimi. Mike Moshayedi disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
(4)	The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the M. and P. Moshayedi Revocable Trust, dated 12/30/96, on August 31, 2006.
(5)	These shares are owned directly by the M. and P. Moshayedi Investment Trust, dated 12/30/96, and Mike Moshayedi and Parto Ghadimi are indirect beneficiaries of this trust. Mike Moshayedi and Parto Ghadimi disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein.
(6)	These shares are owned directly by Mike Moshayedi. Parto Ghadimi disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
Remarks: (Form 4 #1 of 2) - This is the first of two Form 4s filed by the reporting person in connection with transactions effected on December 6, 2006.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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