Form 4 for QMCO QUANTUM CORP /DE/

Accepted 2022-07-06 00:00:00 ET · period of report 2022-07-01 · accession 0000709283-22-000026 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2022-07-06	2022-07-01	QMCO	Cabrera Brian E	Chief Legal, Ofcr, Corp Secy	A - Grant	$0.00	+87.5K	251.5K	+53%	$0
D	2022-07-06	2022-07-01	QMCO	Cabrera Brian E	Chief Legal, Ofcr, Corp Secy	A - Grant	$0.00	-29.1K	0	-100%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-07-01	A	A	87,500	$0.00	251,548	D	—	—	(F1) Grant of Restricted Stock Units ("RSUs"), each of which represents a contingent right to receive one share of common stock of QMCO. Vesting is subject to continued employment with QMCO through the service vesting date, which occurs in three equal annual installments on July 1, 2023, July 1, 2024 and July 1, 2025.
2	Derivative	Performance-Based Restricted Stock Units	2022-07-01	A	D	29,137	$0.00	0	D	— · — to 2027-07-01	29,137 Common Stock	(F2) Grant of Performance-Based Restricted Stock Units ("PSUs"), each of which represents a contingent right to receive one share of common stock of QMCO, with vesting subject to the achievement of specified level of the average closing price of a share of QMCO common stock during any one hundred (100) calendar day period occurring between July 1, 2022 and July 1, 2027. Vesting is subject to continued employment with QMCO through the later of the achievement date or service vesting date, which will occur 36 months from the grant date on July 1, 2025.