SEC Form 4 · accession 0001437749-18-006779
QAD INC · QADA, QADB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anton Chilton
Officer — EVP, Chief Global Field Ops.
Period of report
Apr 10, 2018
Accepted (ET)
Apr 12, 2018 · 4:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001036188
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock ($0.001 par value) | Apr 10, 2018 | M | 3,375 | $9.95 | A | 32,684 | D | |
| Class A Common Stock ($0.001 par value) | Apr 10, 2018 | D | 735 | $45.75 | D | 31,949 | D | |
| Class A Common Stock ($0.001 par value) | Apr 10, 2018 | F | 913 | $45.75 | D | 31,036 | D | |
| Class A Common Stock ($0.001 par value) | Apr 10, 2018 | M | 7,500 | $12.85 | A | 38,536 | D | |
| Class A Common Stock ($0.001 par value) | Apr 10, 2018 | D | 2,107 | $45.75 | D | 36,429 | D | |
| Class A Common Stock ($0.001 par value) | Apr 10, 2018 | F | 1,865 | $45.75 | D | 34,564 | D | |
| Class A Common Stock ($0.001 par value) | Apr 10, 2018 | M | 7,500 | $11.81 | A | 42,064 | D | |
| Class A Common Stock ($0.001 par value) | Apr 10, 2018 | D | 1,937 | $45.75 | D | 40,127 | D | |
| Class A Common Stock ($0.001 par value) | Apr 10, 2018 | F | 1,924 | $45.75 | D | 38,203 | D | |
| Class A Common Stock ($0.001 par value)F1 | Apr 10, 2018 | S | 6,625 | $45.86 | D | 31,578 | D | |
| Class A Common Stock ($0.001 par value)F1 | Apr 11, 2018 | S | 8,894 | $45.74 | D | 22,684 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right (Right to Buy) | $9.95 | Apr 10, 2018 | M | 3,375 | A | Jun 7, 2012 | Jun 7, 2019 | Class A Common Stock | 3,375 | 0 | D |
| Stock Appreciation Right (Right to Buy) | $12.85 | Apr 10, 2018 | M | 7,500 | A | Jun 12, 2013 | Jun 12, 2020 | Class A Common Stock | 7,500 | 0 | D |
| Stock Appreciation Right (Right to Buy) | $11.81 | Apr 10, 2018 | M | 7,500 | A | Jun 11, 2014 | Jun 11, 2021 | Class A Common Stock | 7,500 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.50 to $45.95, inclusive. The reporting person undertakes to provide to QAD Inc., any security holder of QAD Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.