4//SEC Filing
King Elizabeth 4
Accession 0000709283-21-000019
CIK 0000709283other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 8:54 AM ET
Size
9.6 KB
Accession
0000709283-21-000019
Insider Transaction Report
Form 4
King Elizabeth
CHIEF REVENUE OFFICER
Transactions
- Exercise/Conversion
Common Stock
2021-05-11+6,875→ 298,458 total - Award
Common Stock
2021-05-11+13,750→ 312,208 total - Exercise/Conversion
Performance-Based Restricted Stock Units
2021-05-11−6,875→ 0 totalExp: 2025-07-01→ Common Stock (6,875 underlying)
Footnotes (2)
- [F1]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 second achievement date occurred on May 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 July 1, 2023, subject to continued employment. These shares are reflected on Table I, and no units remain subject to these performance-based and time-based vesting conditions.
- [F2]Grant of Performance-Based Restricted Stock Units ("PSUs"), each of which represents a contingent right to receive one share of common stock of QMCO, acquired with vesting subject to the achievement of specified performance-based conditions, occurred on May 11, 2021 as certified by the leadership and compensation committee of QMCO, resulting in 13,750 units for the Free Cash Flow results based on the Company's performance as of March 31, 2021 (end of the QMCO's Fiscal 2021 Year). 100% of PSUs are earned as 100% of the free cash flow target performance goal is achieved. However, these shares remain subject to time-based vesting conditions and will therefore vest in equal installments with 1/3rd July 1, 2021, 1/3rd July 1, 2022 and 1/3rd July 1, 2023, subject to continued employment.
Documents
Issuer
QUANTUM CORP /DE/
CIK 0000709283
Entity typeother
Related Parties
1- filerCIK 0001770712
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 8:54 AM ET
- Size
- 9.6 KB