4//SEC Filing
LOPKER PAMELA M 4
Accession 0001209191-21-063550
CIK 0001036188other
Filed
Nov 8, 7:00 PM ET
Accepted
Nov 9, 1:13 PM ET
Size
24.9 KB
Accession
0001209191-21-063550
Insider Transaction Report
Form 4
QAD INCQADA, QADB
LOPKER PAMELA M
DirectorPresident10% Owner
Transactions
- Gift
Common Stock
2021-10-22−235,181→ 6,971,196 total(indirect: See footnote 7.) - Other
Common Stock
2021-11-05$87.50/sh−3,085,714$269,999,975→ 4,870,858 total(indirect: See footnote 7.) - Disposition to Issuer
Common Stock
2021-11-05$87.50/sh−4,870,858$426,200,075→ 0 total(indirect: See footnote 7.) - Exercise/Conversion
Stock Appreciation Right (right to buy)
2021-11-05−860,000→ 0 total→ Common Stock (860,000 underlying) - Exercise/Conversion
Performance Stock Units
2021-11-05−35,376→ 0 total→ Common Stock (35,376 underlying) - Gift
Common Stock
2021-08-31−470,362→ 7,206,377 total(indirect: See footnote 7.) - Exercise/Conversion
Common Stock
2021-11-05+860,000→ 7,831,196 total(indirect: See footnote 7.) - Exercise/Conversion
Common Stock
2021-11-05+90,000→ 7,921,196 total(indirect: See footnote 7.) - Exercise/Conversion
Common Stock
2021-11-05+35,376→ 7,956,572 total(indirect: See footnote 7.) - Exercise/Conversion
Stock Appreciation Right (right to buy)
2021-11-05−90,000→ 0 total→ Common Stock (90,000 underlying)
Footnotes (10)
- [F1]Gift of shares to Lopker Family Foundation.
- [F10]Not applicable.
- [F2]Conversion of stock appreciation rights ("SARs") to acquire Issuer's Class A common stock. See also footnote 8.
- [F3]Conversion of SARs to acquire Issuer's Class B common stock. See also footnote 9.
- [F4]Disposition pursuant to Agreement and Plan of Merger, dated as of June 27, 2021 (the "Merger Agreement") by and among Issuer, Project Quick Parent, LLC, a Delaware limited liability company ("Parent"), and Project Quick Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub merged with and into Issuer (the "Merger"), with Issuer surviving the Merger as a wholly owned subsidiary of Parent.
- [F5]In connection with the Merger described in footnote 6, and pursuant to that certain Contribution and Exchange Agreement, dated June 27, 2021, by and between Project Quick Ultimate Parent, LP, a Delaware limited partnership ("Parent"), and Pamela M. Lopker, The Lopker Living Trust dated November 18, 2013, and the Estate of Karl F. Lopker (collectively, the "Rollover Investor"), the Rollover Investor contributed such shares (the "Rollover Shares") to Parent.
- [F6]In the Merger, each share of Issuer's Class A Common Stock and Class B Common Stock (together, the "Shares") (other than Shares issued and held by Issuer or any of its direct or indirect wholly owned subsidiaries immediately prior to the Merger effective time, Shares owned by Parent, Merger Sub or any of their respective direct or indirect wholly owned subsidiaries immediately prior to the Merger effective time, Rollover Shares and Dissenting Shares (as defined in Issuer's proxy statement)), issued and outstanding immediately prior to the Merger effective time was cancelled and converted into the right to receive from Parent $87.50 per share in cash, without interest and less any applicable withholding taxes, subject to and in accordance with the terms and conditions of the Merger Agreement.
- [F7]Shares reported herein, including shares disposed of pursuant to the Merger Agreement and ancillary agreements by the Reporting Person, consist of all shares of Class A common stock and Class B common stock held by Pamela M. Lopker, the Lopker Living Trust, and the Estate of Karl M. Lopker.
- [F8]SARs to acquire Issuer's Class A Common Stock. SARs for (i) 160,000 shares, exercise price $19.12, exercisable June 24, 2017, expiration June 14, 2024; (ii) 160,000 shares, exercise price $22.18, exercisable June 11, 2015, expiration June 11, 2022; (iii) 160,000 shares, exercise price $26.11, exercisable June 9, 2016, expiration June 9, 2023; (iv) 190,000 shares, exercise price $31.65, exercisable June 13, 2018, expiration June 13, 2025; and (v) 190,000 shares, exercise price $53.50, exercisable June 11, 2019, expiration June 11, 2026.
- [F9]SARs to acquire Issuer's Class B Common Stock. SARs for (i) 30,000 shares, exercise price $16.07, exercisable June 24, 2017, expiration June 14, 2024; (ii) 30,000 shares, exercise price $18.80, exercisable June 11, 2015, expiration June 11, 2022; and (iii) 30,000 shares, exercise price $21.25, exercisable June 9, 2016, expiration June 9, 2023.
Documents
Issuer
QAD INC
CIK 0001036188
Entity typeother
Related Parties
1- filerCIK 0001102753
Filing Metadata
- Form type
- 4
- Filed
- Nov 8, 7:00 PM ET
- Accepted
- Nov 9, 1:13 PM ET
- Size
- 24.9 KB