4//SEC Filing
MacPherson Regan J 4
Accession 0000709283-21-000009
CIK 0000709283other
Filed
Mar 14, 8:00 PM ET
Accepted
Mar 15, 5:11 PM ET
Size
10.5 KB
Accession
0000709283-21-000009
Insider Transaction Report
Form 4
MacPherson Regan J
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2021-03-11+26,875→ 81,089 total - Exercise/Conversion
Performance-Based Restricted Stock Units
2021-03-11−20,000→ 20,000 totalExp: 2029-11-01→ Common Stock (20,000 underlying) - Exercise/Conversion
Performance-Based Restricted Stock Units
2021-03-11−6,875→ 6,875 totalExp: 2025-07-01→ Common Stock (6,875 underlying)
Footnotes (3)
- [F1]Performance-Based Restricted Stock Units were previously reported on February 4, 2020, which vest in three equal components upon the later of achievement of specified levels of the average closing prices of a share of QMCO common stock during any hundred (100) calendar day period, and upon specified service dates, whichever is later. The second achievement date occurred on March 11, 2021, as certified by the leadership and compensation committee of QMCO, resulting in 20,000 units meeting the appropriate performance-based conditions. However, these shares remain subject to time-based vesting conditions and will therefore vest on November 1, 2021, subject to continued employment. These shares are reflected on Table I, and 20,000 units remaining subject to these performance-based and time-based vesting conditions.
- [F2]Performance-Based Restricted Stock Units were previously reported on July 2, 2020, which vest in two equal components upon the later of achievement of specified levels of the average closing prices of a share of QMCO common stock during any hundred (100) calendar day period, and upon specified service dates, whichever is later. The first achievement date occurred on March 11, 2021, as certified by the leadership and compensation committee of QMCO, resulting in 6,875 units meeting the appropriate performance-based conditions. However, these shares remain subject to time-based vesting conditions and will therefore vest on January 1, 2022, subject to continued employment. These shares are reflected on Table I, and 6,875 units remaining subject to these performance-based and time-based vesting conditions.
- [F3]Includes 383 shares acquired under Quantum Corporation's Employee Stock Purchase Plan on February 5, 2021.
Documents
Issuer
QUANTUM CORP /DE/
CIK 0000709283
Entity typeother
Related Parties
1- filerCIK 0001651155
Filing Metadata
- Form type
- 4
- Filed
- Mar 14, 8:00 PM ET
- Accepted
- Mar 15, 5:11 PM ET
- Size
- 10.5 KB