MacPherson Regan J 4
4 · QUANTUM CORP /DE/ · Filed Mar 19, 2020
Insider Transaction Report
Form 4
MacPherson Regan J
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2020-03-17+20,000→ 35,000 total - Exercise/Conversion
Performance-Based Restricted Stock Units
2020-03-17−20,000→ 40,000 totalExp: 2029-11-01→ Common Stock (20,000 underlying)
Footnotes (1)
- [F1]Performance-Based Restricted Stock Units were previously reported on February 4, 2020, which vest in three equal components upon the later of achievement of specified levels of the average closing prices of a share of QMCO common stock during any hundred (100) calendar day period, and upon specified service dates, whichever is later. The first achievement date occurred on March 17, 2020, as certified by the leadership and compensation committee of QMCO, resulting in 20,000 units meeting the appropriate performance-based conditions. However, these shares remain subject to time-based vesting conditions and will therefore vest on November 1, 2020, subject to continued employment. These shares are reflected on Table I, and 40,000 units remain subject to these performance-based and time-based vesting conditions.