SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

MOSHAYEDI MASOUD

(Last)

(First)

(Middle)

3001 DAIMLER STREET

(Street)

SANTA ANA

92705-5812

(City)

(State)

(Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/26/2006

4. If Amendment, Date of 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

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	12/26/2006		S⁽⁴⁾		1,700	D	$11.99	6,850,296	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		9,742	D	$12	6,840,554	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		4,978	D	$12.01	6,835,576	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		13,207	D	$12.02	6,822,369	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		2,220	D	$12.03	6,820,149	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		4,206	D	$12.04	6,815,943	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		10,725	D	$12.05	6,805,218	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		5,022	D	$12.06	6,800,196	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		3,130	D	$12.07	6,797,066	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		1,100	D	$12.08	6,795,966	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		1,300	D	$12.09	6,794,666	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		1,300	D	$12.11	6,793,366	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		300	D	$12.13	6,793,066	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		200	D	$12.15	6,792,866	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		300	D	$12.16	6,792,566	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		570	D	$12.17	6,791,996	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		200	D	$12.18	6,791,796	I	By Trust⁽¹⁾
Common Stock	12/26/2006		S⁽⁴⁾		800	D	$12.19	6,790,996	I	By Trust⁽¹⁾

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 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Incentive Stock Options (Right to Buy Common Stock)	$3.39							⁽²⁾	05/21/2008	Common Stock	162,335		162,335	D
Non-Qualified Stock Option (Right to Buy Common Stock)	$3.08							⁽²⁾	05/21/2013	Common Stock	87,665		87,665	D
Non-Qualified Stock Option (Right to Buy Common Stock)	$3.84							⁽²⁾	02/23/2015	Common Stock	100,000		100,000	D

1. Name and Address of Reporting Person^*

MOSHAYEDI MASOUD

(Last)

(First)

(Middle)

3001 DAIMLER STREET

(Street)

SANTA ANA

92705-5812

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

GHADIMI PARTO

(Last)

(First)

(Middle)

3001 DAIMLER STREET

(Street)

SANTA ANA

92705-5812

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

M&P REVOCABLE TRUST DTD 12-30-96

(Last)

(First)

(Middle)

3001 DAIMLER STREET

(Street)

SANTA ANA

92705-5812

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

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.

	/s/ Mike Moshayedi	12/27/2006
	/s/ Mike Moshayedi, Co-Trustee	12/27/2006
	/s/ Parto Ghadimi	12/27/2006
	** 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).
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