4//SEC Filing
LOPKER KARL F 4
Accession 0001437749-17-017331
CIK 0001036188other
Filed
Oct 18, 8:00 PM ET
Accepted
Oct 19, 4:06 PM ET
Size
12.8 KB
Accession
0001437749-17-017331
Insider Transaction Report
Form 4
QAD INCQADA, QADB
LOPKER KARL F
DirectorCEO10% Owner
Transactions
- Purchase
Class B Common Stock ($0.001 par value)
2017-10-19+121,000→ 2,357,535 total - Sale
Class A Common Stock ($0.001 par value
2017-10-19−104,000→ 5,038,595 total
Holdings
- 30,193(indirect: By Spouse)
Class B Common Stock ($0.001 par value)
- 1,247(indirect: By Trust)
Class B Common Stock ($0.001 par value)
- 103,511(indirect: By Spouse)
Class A Common Stock ($0.001 par value
- 30,441
Class B Common Stock ($0.001 par value)
- 103,860
Class A Common Stock ($0.001 par value
- 429,140(indirect: By Foundation)
Class A Common Stock ($0.001 par value
- 19,828(indirect: By Foundation)
Class B Common Stock ($0.001 par value)
- 5,084(indirect: By Trust)
Class A Common Stock ($0.001 par value
Footnotes (3)
- [F1]The transactions reported in this statement are with respect to different classes of securities and, therefore, are not matchable transactions for purposes of Section 16(b) of the Securities Exchange Act of 1934, as amended (the "ACT"). See Gibbons v Malone, 801 F.Supp 2d 243 (S.D.N.Y. 2011), aff'd, 703 F.3d 595 (2d Cir.2013).
- [F2]Pursuant to a certain share exchange agreement dated October 19, 2017 (the "Exchange Agreement") by and between Pamela M. Lopker and Karl F. Lopker, as Trustees of the Lopker Living Trust dated November 18, 2013 (the "Lopker Trust"), and Palogic Value Fund, L.P. (the "Palogic Value Fund"), Palogic Value Fund agreed to transfer 121,000 shares of Class B Common Stock of QAD Inc. (the "Issuer"), par value $0.001 per share ("Class B Shares"), to the Lopker Trust, and the Lopker Trust agreed to transfer 104,000 shares of Class A Common Stock of the Issuer, par value $0.001 per share ("Class A Shares"), to Palogic Value Fund. The transfer of Class B Shares in exchange for Class A Shares was an arms-length transaction for in-kind rather than cash consideration and, accordingly, does not have a per-share price.
- [F3]This exchange is being reported on a Form 4 for both Karl F. Lopker and Pamela M. Lopker, who act as joint trustees of the Lopker Living Trust.
Documents
Issuer
QAD INC
CIK 0001036188
Entity typeother
IncorporatedCA
Related Parties
1- filerCIK 0001080338
Filing Metadata
- Form type
- 4
- Filed
- Oct 18, 8:00 PM ET
- Accepted
- Oct 19, 4:06 PM ET
- Size
- 12.8 KB