4//SEC Filing
Stackawitz Jeremy 4
Accession 0000899243-19-015275
CIK 0001596946other
Filed
May 30, 8:00 PM ET
Accepted
May 31, 4:05 PM ET
Size
15.2 KB
Accession
0000899243-19-015275
Insider Transaction Report
Form 4
Quotient LtdQTNT
Stackawitz Jeremy
President
Transactions
- Sale
Common Stock
2019-05-29$9.93/sh−21,495$213,445→ 131,939 total
Holdings
- 20,000
Employee Stock Option (right to buy)
Exercise: $11.92Exp: 2026-05-31→ Ordinary Shares (20,000 underlying) - 60,000
Employee Stock Option (right to buy)
Exercise: $8.00Exp: 2024-04-29→ Ordinary Shares (60,000 underlying) - 40,000
Employee Stock Option (right to buy)
Exercise: $7.58Exp: 2027-05-23→ Ordinary Shares (40,000 underlying) - 50,000
Multi-year Performance Based Restricted Stock Unit
Exp: 2019-12-31→ Ordinary Shares (50,000 underlying) - 20,641
Restricted Stock Units
→ Ordinary Shares (20,641 underlying) - 35,000
Restricted Stock Units
→ Ordinary Shares (35,000 underlying) - 22,500
Employee Stock Option (right to buy)
Exercise: $15.17Exp: 2025-05-19→ Ordinary Shares (22,500 underlying)
Footnotes (10)
- [F1]13,334 options have vested and remain exercisable and 6,666 options will vest on June 1, 2019.
- [F10]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.90 to $9.98, inclusive. The Reporting Person undertakes to provide to Quotient Limited, any security holder of Quotient Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (10) to this Form 4.
- [F2]All 22,500 options have vested and remain exercisable.
- [F3]All 60,000 options have vested and remain exercisable.
- [F4]26,666 options have vested and remain exercisable. 13,334 options will vest on May 24, 2020.
- [F5]Each Multi-year Performance Based Restricted Stock Unit ("MRSU") represents a contingent right to receive one share of Quotient's ordinary shares. The MRSUs vest upon Quotient's ordinary shares achieving a volume weighted average market price of $22.00 per share for 20 consecutive trading days during the period April 1, 2019 to December 31, 2019.
- [F6]Restricted Stock Units convert into ordinary shares on a one-for-one basis.
- [F7]On May 24, 2018, the Reporting Person was granted 30,961 Restricted Stock Units, of which 10,320 have vested and have been exercised. The remaining 20,641 Restricted Stock Units will vest in two equal installments on May 24, 2020 and May 24, 2021.
- [F8]On May 24, 2019, the Reporting Person was granted 35,000 Restricted Stock Units, vesting in three equal annual installments beginning May 24, 2020.
- [F9]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2019.
Documents
Issuer
Quotient Ltd
CIK 0001596946
Entity typeother
Related Parties
1- filerCIK 0001604628
Filing Metadata
- Form type
- 4
- Filed
- May 30, 8:00 PM ET
- Accepted
- May 31, 4:05 PM ET
- Size
- 15.2 KB