This is strange... How did you set up your OC settings in BIOS?
I was able to push safely my 4770K with Hyper 212 Evo up to 4.4 GHz. Setting in BIOS CPU upgrade to 4.4GHz option, choosing K OC mode Enable from advance tab and changing manually VCore voltage to 1.250 and everything is running smooth. Temps running up to 70*C+ temps stressed. I feel that I can push more with better cooler. I've enabled EIST as well in BIOS under advance settings in performance tab.
Here I'm posting couple of benchmarks
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Standard setup without any change
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K OC mode enable but clock speed unchanged but voltage set up at 1.250
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4.4GHz , K OC is on, CPU multiplier x44 and voltage set up at 1.250
I've noticed that when leaving the voltage to auto at 4.4GHz ( eventually it will run around 1.320) will end up scoring lower than unchanged 3.9GHz