Martella Donald E. Jr. 4
4 · QUANTUM CORP /DE/ · Filed Mar 19, 2020
Insider Transaction Report
Form 4
Martella Donald E. Jr.
SVP, Engineering
Transactions
- Exercise/Conversion
Common Stock
2020-03-17+21,333→ 50,838 total - Exercise/Conversion
Performance-Based Restricted Stock Units
2020-03-17−21,333→ 42,667 totalExp: 2029-09-06→ Common Stock (21,333 underlying)
Footnotes (1)
- [F1]Performance-Based Restricted Stock Units were previously reported on September 10, 2019, 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 21,333 units meeting the appropriate performance-based conditions. However, these shares remain subject to time-based vesting conditions and will therefore vest on September 5, 2020, subject to continued employment. These shares are reflected on Table I, and 42,667 units remain subject to these performance-based and time-based vesting conditions.