UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Options (Right to Buy Common Stock) | Â (1) | 07/26/2020 | Common Stock | 20,000 | $ 15.6 (2) | D | Â |
Restricted Stock Units | Â (3) | Â (5) | Common Stock | 25,500 | $ 0 (4) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Saman Robert 3001 DAIMLER ST SANTA ANA, CA 92705 |
 |  |  General Counsel | Assistant Secretary |
/s/ Robert M. Saman | 11/26/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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) | 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 vesting commencement date (first date of employment). |
(2) | The exercise price per share is 100% of the fair market value of STEC's common stock on the date of grant. |
(3) | These restricted stock units ("RSUs") vest in equal annual installments over the four (4) year period following the date of grant (or vesting commencement date, for RSUs awarded upon the reporting person joining STEC). |
(4) | Each RSU represents a contingent right to receive one share of STEC common stock. |
(5) | Expiration dates are not applicable to RSUs. |