LENDER DANIEL 4

4 · QAD INC · Filed Jun 15, 2020

Form 4

Period: 2020-06-11

QAD INCQADA_QADB

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 total
Exercise: $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

1 file