Mendez Manuel O. 4
4 · Quotient Ltd · Filed Oct 19, 2021
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.