Edgar Filing: STEC, 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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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

MOSHAYEDI MEHRDAD

2. Issuer Name and Ticker or Trading Symbol
STEC, 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, COO, CTO, Secretary

(Last)

(First)

(Middle)

3001 DAIMLER STREET

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2008

(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								1,070,496	I	By Trust ⁽²⁾
Common Stock								162,335	D
Common Stock	06/04/2008		S⁽⁶⁾		9,400	D	$ 14	7,778,446	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		4,800	D	$ 14.001	7,773,646	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		300	D	$ 14.004	7,773,346	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		1,100	D	$ 14.005	7,772,246	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		100	D	$ 14.009	7,772,146	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		11,260	D	$ 14.01	7,760,886	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		800	D	$ 14.011	7,760,086	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		30,430	D	$ 14.02	7,729,656	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		500	D	$ 14.021	7,729,156	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		500	D	$ 14.025	7,728,656	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		22,325	D	$ 14.03	7,706,331	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		3,600	D	$ 14.031	7,702,731	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		700	D	$ 14.0325	7,702,031	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		100	D	$ 14.037	7,701,931	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		200	D	$ 14.0375	7,701,731	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		200	D	$ 14.039	7,701,531	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		13,700	D	$ 14.04	7,687,831	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		2,700	D	$ 14.041	7,685,131	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		800	D	$ 14.042	7,684,331	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		1,600	D	$ 14.0425	7,682,731	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		1,300	D	$ 14.043	7,681,431	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		67,229	D	$ 14.05	7,614,202	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		3,400	D	$ 14.051	7,610,802	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		100	D	$ 14.0525	7,610,702	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		1,000	D	$ 14.055	7,609,702	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		13,971	D	$ 14.06	7,595,731	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		2,500	D	$ 14.063	7,593,231	I	By Trust ⁽¹⁾
Common Stock	06/04/2008		S⁽⁶⁾		10,000	D	$ 14.07	7,583,231	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

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

$ 3.08

⁽³⁾

05/21/2013

Common Stock

87,665

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

$ 3.84

⁽³⁾

02/23/2015

Common Stock

250,000

Incentive Stock Option (Right to Buy Common Stock) ⁽⁵⁾

$ 11.76

⁽⁴⁾

05/06/2013

Common Stock

37,416

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

$ 10.69

⁽⁴⁾

05/06/2018

Common Stock

12,584

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
MOSHAYEDI MEHRDAD 3001 DAIMLER STREET SANTA ANA, CA 92705-5812	X	X	President, COO, CTO, Secretary
M&S MOSHAYEDI REVOCABLE TRUST DTD 9-28-98 3001 DAIMLER STREET SANTA ANA, CA 92705-5812		X
MOSHAYEDI SEMIFA 3001 DAIMLER STREET SANTA ANA, CA 92705-5812		X

Signatures

/s/ Mark Moshayedi		06/05/2008
^**Signature of Reporting Person		Date
/s/ Mark Moshayedi, Co-Trustee		06/05/2008
^**Signature of Reporting Person		Date
/s/ Semira Moshayedi		06/05/2008
^**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 S. Moshayedi Revocable Trust, dated 9/25/98, a ten percent owner of the issuer, and indirectly by Mark Moshayedi and Semira Moshayedi 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 shares are owned directly by the D. and N. Moshayedi Investment Trust, dated 9/25/98, and Mark Moshayedi is an indirect beneficiary of this trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
(3)	These options are fully vested and immediately exercisable.
(4)	This option shall vest and become exercisable in four equal annual installments commencing on May 7, 2009.
(5)	Under the issuer's 2000 Stock Incentive Plan and IRS rules, incentive stock options granted to a holder of 10% or more of the issuer's common stock must have an exercise price per share not less than 110% of the fair market value per share of the common stock on the grant date and a term of not more than 5 years.
(6)	The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the M. and S. Moshayedi Revocable Trust, dated 9/25/98, on May 7, 2008.
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 June 4, 2008.

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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