QUANTUM CORP /DE/ 4
4 · QUANTUM CORP /DE/ · Filed Nov 4, 2015
Insider Transaction Report
Form 4
Powers Gregg J
Director
Transactions
- Purchase
Common Stock
2015-11-04$0.93/sh+50,000$46,360→ 586,500 total
Holdings
- 265,392(indirect: By LLC)
Common Stock
Footnotes (3)
- [F1]Mr. Powers is the sole member of Pelican Bay Holdings, LLC.
- [F2]The purchase price reported in column 4 of Table I represents the weighted average purchase price of the shares purchased ranging from $0.9201 to $0.9348 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the reporting person will provide full information regarding the number of shares purchased at each separate price.
- [F3]Mr. Powers also has sole voting and dispositive power with respect to 3,861,350 shares owned by commingled funds or mutual funds over which Mr. Powers serves as Portfolio Manager. As CEO and Portfolio Manager of Private Capital Management, LLC ("PCM"), Mr. Powers exercises shared voting and dispositive power with respect to 12,884,243 shares, including shares held by those PCM clients that have delegated proxy authority to PCM. Such delegation may be granted or revoked at any time at the client's discretion. PCM disclaims beneficial ownership of client owned shares over which it has dispositive power and disclaims the existence of a group.