4//SEC Filing
Mendez Manuel O. 4
Accession 0000899243-21-040634
CIK 0001596946other
Filed
Oct 18, 8:00 PM ET
Accepted
Oct 19, 5:41 PM ET
Size
8.6 KB
Accession
0000899243-21-040634
Insider Transaction Report
Form 4
Quotient LtdQTNT
Mendez Manuel O.
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Restricted Stock Units
2021-10-15$3.68/sh−181,159$666,665→ 887,681 total→ Ordinary Shares (181,159 underlying) - Disposition to Issuer
Ordinary Share Option (Right to Buy)
2021-10-15$2.41/sh−138,227$333,127→ 718,788 totalExercise: $3.68Exp: 2031-04-01→ Ordinary Shares (138,227 underlying)
Footnotes (3)
- [F1]Restricted Stock Units convert into ordinary shares on a one-for-one basis.
- [F2]The reporting person and Quotient Ltd. mutually agreed to cancel 181,159 Restricted Stock Units (RSUs) and 138,227 options and in lieu thereof to pay to the reporting person $1,000,000 in cash, net of social security and tax cost deductions, to support the reporting person's relocation to Switzerland where Quotient Ltd.'s principal executive offices are located. Of the remaining RSUs,163,043 will vest in three equal annual installments beginning April 1, 2022, and the balance will vest over three years with 50% vesting on April 1, 2022 and the balance vesting proportionately over the remaining two years.
- [F3]The reporting person and Quotient Ltd. mutually agreed to cancel 181,159 RSUs and 138,227 options and in lieu thereof to pay to the reporting person $1,000,000 in cash, net of social security and tax cost deductions, to support the reporting person's relocation to Switzerland where Quotient Ltd.'s principal executive offices are located. The remaining options will vest in three equal annual installments beginning on April 1, 2022.
Documents
Issuer
Quotient Ltd
CIK 0001596946
Entity typeother
Related Parties
1- filerCIK 0001475995
Filing Metadata
- Form type
- 4
- Filed
- Oct 18, 8:00 PM ET
- Accepted
- Oct 19, 5:41 PM ET
- Size
- 8.6 KB