4//SEC Filing
King Elizabeth 4
Accession 0000899243-19-025105
CIK 0000709283other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 4:34 PM ET
Size
11.8 KB
Accession
0000899243-19-025105
Insider Transaction Report
Form 4
King Elizabeth
CHIEF REVENUE OFFICER
Transactions
- Award
Performance-Based Restricted Stock Units
2019-10-02+150,000→ 150,000 totalExp: 2029-10-02→ Common Stock (150,000 underlying) - Exercise/Conversion
Performance-Based Restricted Stock Units
2019-10-02−50,000→ 100,000 totalExp: 2029-10-02→ Common Stock (50,000 underlying) - Award
Common Stock
2019-10-02+150,000→ 150,000 total - Exercise/Conversion
Common Stock
2019-10-02+50,000→ 200,000 total
Footnotes (2)
- [F1]Grant of Restricted Stock Units ("RSUs"), each of which represents a contingent right to receive one share of common stock of QMCO. The RSUs vest in three equal annual installments on April 1, 2020, April 1, 2021 and April 1, 2022, subject to continued employment.
- [F2]Grant of 150,000 Performance-Based Restricted Stock Units, each of which represents a contingent right to receive one share of common stock of QMCO, with vesting subject to the achievement of specified levels of the average closing prices of a share of QMCO common stock during any sixty (60) day trading period between June 1, 2018 and May 31, 2022. Vesting is subject to continued employment with the Company through the later of the achievement date or service vesting date, which occurs in three equal annual installments on May 31, 2019, May 31, 2020 and May 31, 2021. The first achievement date occurred on October 2, 2019, as certified by the leadership and compensation committee of QMCO, resulting in 50,000 units vesting, as reflected on Table I, and 100,000 units remaining subject to performance-based and time-based vesting conditions.
Documents
Issuer
QUANTUM CORP /DE/
CIK 0000709283
Entity typeother
Related Parties
1- filerCIK 0001770712
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 4:34 PM ET
- Size
- 11.8 KB