ALLEN JULIAN A L 4
4 · QUADRAMED CORP · Filed May 14, 2009
Insider Transaction Report
Form 4
QUADRAMED CORPQDHC
ALLEN JULIAN A L
Director
Transactions
- Purchase
Common Stock
2009-05-14$6.27/sh+100$627→ 122,220 total(indirect: See Footnote 1) - Purchase
Common Stock
2009-05-13$6.10/sh+10,000$61,000→ 122,120 total(indirect: See Footnote 1)
Holdings
- 9,200
Stock Option (right to buy)
Exercise: $10.05Exp: 2018-02-05→ Common Stock (9,200 underlying)
Footnotes (2)
- [F1]The Spitfire Fund LP (the "Fund") directly owns these reported shares of QuadraMed Corporation common stock. Spitfire Capital LLC, the investment manager of the Fund, and Spitfire Fund GP LLC, the general partner of the Fund, may be deemed to beneficially own the securities. Mr. Allen is the sole member of both Spitfire Capital LLC and Spitfire Fund GP LLC and exercises sole voting and dispositive power with respect to the securities. Mr. Allen disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
- [F2]The options vest in accordance with the terms of the Non-Employee Director Option Grant Program of the 2004 Stock Compensation Plan, as follows: (i) 4,600 of the options vested upon Mr. Allen's completion of one year of Board service measured from February 5, 2008 (the "Initial Grant Date") and (ii) the remaining 4,600 options shall vest upon Mr. Allen's completion of his second year of Board service measured from the Initial Grant Date.