SANDS GREGORY P 4
4 · QUINSTREET, INC · Filed May 14, 2020
Insider Transaction Report
Form 4
QUINSTREET, INCQNST
SANDS GREGORY P
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2020-05-12$7.01/sh+5,302$37,167→ 398,651 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2020-05-12−5,302→ 0 totalExercise: $7.01Exp: 2020-05-13→ Common Stock (5,302 underlying) - Award
Non-Qualified Stock Option (right to buy)
2020-05-13+3,194→ 3,194 totalExercise: $8.42Exp: 2027-05-13→ Common Stock (3,194 underlying)
Holdings
- 169,011(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Shares held by trust of which reporting person is a trustee. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
- [F2]The shares of common stock subject to this option are fully vested and exercisable.
- [F3]Mr. Sands elected to receive options in lieu of cash compensation as consideration for his service as a member of QuinStreet, Inc.'s (the "Company") board of directors and a member of the Company's Nominating and Corporate Governance and Compensation Committees for the quarter ended March 31, 2020. The number of options granted was determined by dividing the cash compensation otherwise payable with respect to the quarter by the Black-Scholes value of a single option calculated as of the date of grant. The election is available to independent directors, is made annually and applies to the entire fiscal year.