FORM 4
[ X ] 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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Cook Raymond D 		2. Issuer Name and Ticker or Trading Symbol

STEC, INC. [ STEC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP & CHIEF FINANCIAL OFFICER
(Last)          (First)          (Middle)

C/O STEC, INC., 3001 DAIMLER STREET 		3. Date of Earliest Transaction (MM/DD/YYYY)

9/12/2013
(Street)

SANTA ANA, CA 92705-5812
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Code V Amount (A) or (D) Price
Conmon Stock   9/12/2013     D    161750   D $6.85   (1) 0   D    
Common Stock   9/12/2013     D    29436   D $6.85   (2) 0   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)     (3) 9/12/2013     D         37500    9/12/2013     (3) Common Stock   37500     (3) 0   D    
Stock Option (Right to Buy)     (4) 9/12/2013     D         140000    9/12/2013     (4) Common Stock   140000     (4) 0   D    

Explanation of Responses:
( 1)  Pursuant to the Agreement and Plan of Merger, dated as of June 23, 2013 (the "Merger Agreement"), by and among sTec, Inc. (the "Issuer"), Western Digital Corporation ("WDC") and Lodi Ventures, Inc. ("Merger Sub"), on September 12, 2013 (the "Effective Time"), Merger Sub merged with and into the Issuer (the "Merger"). In connection with the termination of employment of Mr. Cook with the Issuer immediately prior to the Effective Time, these restricted stock units were accelerated to fully vest immediately prior to the Effective Time, and were cancelled and converted into the right to receive $6.85 per share in cash (the "Merger Consideration") at the Effective Time.
( 2)  These shares of common stock of the Issuer were automatically cancelled and converted into the right to receive the Merger Consideration.
( 3)  This option was fully vested at the Effective Time, had an exercise price less than the Merger Consideration, and was converted into an option to purchase 3,983 shares of WDC common stock for $33.14 per share at the Effective Time. Given that Mr. Cook's employment with the Issuer was terminated immediately prior to the Effective Time, he will only have 90 days after the Effective Time to exercise this substituted option.
( 4)  These options, which were fully vested or accelerated to fully vest at the Effective Time, had exercise prices greater than the Merger Consideration, and were converted into options (similarly out of the money) to purchase shares of WDC common stock at the Effective Time. Given that Mr. Cook's employment with the Issuer was terminated immediately prior to the Effective Time, he will only have 90 days after the Effective Time to exercise these substituted options.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Cook Raymond D
C/O STEC, INC.
3001 DAIMLER STREET
SANTA ANA, CA 92705-5812

EVP & CHIEF FINANCIAL OFFICER

Signatures
/s/ Raymond D. Cook /rms under power of attorney 9/16/2013
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
Santech (NASDAQ:STEC)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024 Plus de graphiques de la Bourse Santech
Santech (NASDAQ:STEC)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024 Plus de graphiques de la Bourse Santech