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 *

DALY KEVIN
2. Issuer Name and Ticker or Trading Symbol

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

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(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

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)     (2) 9/12/2013     D         33750    9/12/2013     (2) Common Stock   33750     (1) 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"). These options, which were fully vested or accelerated to fully vest at the Effective Time, had exercise prices greater than $6.85 per share (the "Merger Consideration"), and were converted into options (similarly out of money) to purchase shares of WDC common stock at the Effective Time. Given that Mr. Daly's board service with the Issuer was terminated immediately prior to the Effective Time, he will only have 12 months after the Effective Time to exercise these substituted options.
( 2)  These options, which were fully vested or accelerated to fully vest at the Effective Time, had exercise prices greater than $6.85 per share (the "Merger Consideration"), and were converted into options (similarly out of money) to purchase shares of WDC common stock at the Effective Time. Given that Mr. Daly's board service with the Issuer was terminated immediately prior to the Effective Time, he will only have 12 months after the Effective Time to exercise these substituted options.

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



Signatures
/s/ Kevin Daly /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.
Simpletech (NASDAQ:STEC)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Simpletech Charts.
Simpletech (NASDAQ:STEC)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Simpletech Charts.