4//SEC Filing
Anstett Kimberly 4
Accession 0000905148-23-000635
CIK 0001115128other
Filed
Aug 6, 8:00 PM ET
Accepted
Aug 7, 8:55 PM ET
Size
6.3 KB
Accession
0000905148-23-000635
Insider Transaction Report
Form 4
Anstett Kimberly
Director
Transactions
- Award
Common Stock
2023-08-03+44,080→ 182,320 total
Footnotes (2)
- [F1]Represents grant of Restricted Stock Units (the "RSUs") payable solely in common stock of the Issuer, which has entered into an Agreement and Plan of Merger ("Merger Agreement") with CB Neptune Holdings, LLC ("Neptune"), pursuant to which Neptune will, subject to the terms and conditions of the Merger Agreement, acquire the Issuer (the "Proposed Acquisition"), and pursuant to which the Issuer will continue as the surviving corporation operating as a wholly owned subsidiary of Neptune (the "Merger"). In the event that the Merger is not consummated, these shares will vest in full upon the earlier of (i) one day prior to the date of the Issuer's annual meeting of stockholders to be held in 2024, or (ii) one year from August 3, 2023, subject to the recipient's continued service as a director through the vesting date.
- [F2]In the event that the Merger is consummated, (x) these shares will vest on a pro-rata basis (determined based on the product of (i) the 44,080 RSUs subject to the award, multiplied by (ii) the ratio determined by dividing (A) the number of days between the August 3, 2023 grant date and the consummation date of the Merger by (B) the number of days in a one-year vesting term from the date of grant, with the number of vested RSUs rounded down to the nearest whole number, and (y) upon and as of the consummation date of the Merger, and subject to the Reporting Person's continuous service as a director up to and including such date, they will be entitled to receive such number of vested RSUs and the remainder of the shares subject to the grant will be cancelled for no consideration.
Documents
Issuer
Quotient Technology Inc.
CIK 0001115128
Entity typeother
Related Parties
1- filerCIK 0001932724
Filing Metadata
- Form type
- 4
- Filed
- Aug 6, 8:00 PM ET
- Accepted
- Aug 7, 8:55 PM ET
- Size
- 6.3 KB