4//SEC Filing
LENDER DANIEL 4
Accession 0001437749-20-013186
CIK 0001036188other
Filed
Jun 14, 8:00 PM ET
Accepted
Jun 15, 8:30 PM ET
Size
11.4 KB
Accession
0001437749-20-013186
Insider Transaction Report
Form 4
QAD INCQADA_QADB
LENDER DANIEL
EVP & Chief Financial Officer
Transactions
- Award
Class A Common Stock
2020-06-11+18,750→ 194,214 total - Tax Payment
Class A Common Stock
2020-06-11$40.97/sh−2,161$88,536→ 192,053 total - Tax Payment
Class A Common Stock
2020-06-13$41.75/sh−2,161$90,222→ 189,892 total - Award
Performance Stock Units
2020-06-11+12,500→ 12,500 totalExercise: $0.00→ Class A Common Stock (12,500 underlying) - Tax Payment
Class A Common Stock
2020-06-14$41.75/sh−2,161$90,222→ 187,731 total
Footnotes (5)
- [F1]Grant of restricted stock units ("RSUs") that are common stock equivalents and may be settled solely in shares of Issuer's Class A common stock.
- [F2]RSUs vest one-quarter per year on the anniversary date of the grant over four years.
- [F3]Represents a grant of performance stock units ("PSUs") to acquire the Issuer's Class A common stock. The PSUs vest one-half per year on the anniversary date of the grant over two years, subject to the satisfaction of a performance-related milestone. The number of shares reflected is the target number of shares which may be acquired in the aggregate by the reporting person. The actual number of shares that may ultimately be delivered ranges from zero to 25,000.
- [F4]See footnote 3. PSUs have no exercise date.
- [F5]Not applicable.
Documents
Issuer
QAD INC
CIK 0001036188
Entity typeother
Related Parties
1- filerCIK 0001256733
Filing Metadata
- Form type
- 4
- Filed
- Jun 14, 8:00 PM ET
- Accepted
- Jun 15, 8:30 PM ET
- Size
- 11.4 KB