LUCAS KENAN 4

4 · Qumu Corp · Filed Feb 10, 2023

Form 4

Period: 2023-02-07

10% Owner

Transactions

Disposition from Tender
Common Stock, $0.01 par value
2023-02-07$0.90/sh−58,066$52,259→ 0 total(indirect: See footnote)
Disposition from Tender
Common Stock, $0.01 par value
2023-02-07$0.90/sh−1,695,785$1,526,207→ 0 total(indirect: See footnote)
Disposition to Issuer
Restricted Stock Units
2023-02-08$0.90/sh−25,000$22,500→ 0 total(indirect: See footnote)
→ Common Stock, $0.01 par value (25,000 underlying)
Disposition to Issuer
Restricted Stock Units
2023-02-08$0.90/sh−17,353$15,618→ 0 total(indirect: See footnote)
→ Common Stock, $0.01 par value (17,353 underlying)

Footnotes (5)

[F1]These shares were received by Kenan Lucas in lieu of a portion of his annual board compensation, were assigned to Harbert Fund Advisors, Inc. ("HFA"), and were held in an affiliated brokerage account for the benefit of the investors of Harbert Discovery Fund, LP (the "Fund").
[F2]These shares were held by the Fund. Mr. Lucas may be deemed to beneficially own these shares through his role as the managing director and portfolio manager of the Fund's general partner.
[F3]Each restricted stock unit represents the contingent right to receive one share of Qumu common stock.
[F4]The restricted stock units were converted into the right to receive an amount in cash equal to $0.9 multiplied by the aggregate number of shares of common stock subject to such restricted stock award or RSU award. The foregoing description does purport to be complete and is subject to and qualified in its entirety by reference to the Issuer's SC 14D9 filed on January 6, 2023, which is incorporated herein by reference.
[F5]The restricted stock units were held for the benefit of the investors of the Fund.

Documents

1 file