4//SEC Filing
COWAN D J PAUL E 4
Accession 0000899243-17-018762
CIK 0001596946other
Filed
Jul 23, 8:00 PM ET
Accepted
Jul 24, 5:35 PM ET
Size
17.7 KB
Accession
0000899243-17-018762
Insider Transaction Report
Form 4
Quotient LtdQTNT
COWAN D J PAUL E
DirectorSee Remarks10% Owner
Transactions
- Sale
Ordinary Shares
2017-07-20$6.11/sh−9,420$57,556→ 3,458,509 total(indirect: By Spouse)
Holdings
- 90,000
Employee Stock Option (right to buy)
Exercise: $8.00Exp: 2024-04-29→ Ordinary Shares (90,000 underlying) - 50,000
Employee Stock Option (right to buy)
Exercise: $7.58Exp: 2027-05-23→ Ordinary Shares (50,000 underlying) - 42,000
Multi-year Performance Based Restricted Stock Units
Exp: 2018-12-31→ Ordinary Shares (42,000 underlying) - 35,000
Employee Stock Option (right to buy)
Exercise: $15.17Exp: 2025-05-19→ Ordinary Shares (35,000 underlying) - 60,000
Multi-year Performance Based Restricted Stock Unit
Exp: 2019-12-31→ Ordinary Shares (60,000 underlying) - 26,666
Ordinary Shares
- 35,000
Employee Stock Option (right to buy)
Exercise: $11.92Exp: 2026-05-31→ Ordinary Shares (35,000 underlying) - 42,000
Multi-year Performance Based Restricted Stock Units
Exp: 2018-12-31→ Ordinary Shares (42,000 underlying) - 123,431
Option to purchase ordinary shares
Exercise: $3.29Exp: 2024-06-27→ Ordinary Shares (123,431 underlying)
Footnotes (11)
- [F1]Sold by Quotient Biodiagnostics Group Limited pursuant to a plan of disposition adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
- [F10]The options will vest and become exercisable in three equal annual installments beginning on May 24, 2018.
- [F11]Each MRSU represents a contingent right to receive one share of Quotient's ordinary shares. The MRSUs vest upon Quotient's ordinary shares achieving a volume weighted average market price of $22.00 per share for 20 consecutive trading days during the period April 1, 2019 to December 31, 2019.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.01 to $6.28, inclusive. The Reporting Person undertakes to provide Quotient, any security holder of Quotient, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F3]Deidre Cowan, Mr. Cowan's spouse, exercises sole voting and dispositive power over the shares.
- [F4]11,667 options vested on June 1, 2017 and remain exercisable, 11,667 options will vest on June 1, 2018, 11,666 options will vest on June 1, 2019.
- [F5]Each Multi-year Performance Based Restricted Stock Unit ("MRSU") represents a contingent right to receive one share of Quotient's ordinary shares. The MRSUs vest upon Quotient's ordinary shares achieving a volume weighted average market price of $40.00 per share for 20 consecutive trading days during the period April 1, 2018 to December 31, 2018.
- [F6]Each MRSU represents a contingent right to receive one share of Quotient ordinary shares. The MRSUs vest upon Quotient's ordinary shares achieving a volume weighted average market price of $60.00 per share for 20 consecutive trading days during the period April 1, 2018 to December 31, 2018.
- [F7]23,334 options have vested and remain exercisable, 11,666 options will vest on May 20, 2018.
- [F8]All 123,431 options have vested and remain exercisable.
- [F9]All 90,000 options have vested and remain exercisable.
Documents
Issuer
Quotient Ltd
CIK 0001596946
Entity typeother
Related Parties
1- filerCIK 0001226486
Filing Metadata
- Form type
- 4
- Filed
- Jul 23, 8:00 PM ET
- Accepted
- Jul 24, 5:35 PM ET
- Size
- 17.7 KB