SEC Form 4 · accession 0001033325-16-000005
Quotient Technology Inc. · QUOT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Connie Chen
Officer — GC, Sec. & Chief Comp. Officer
Period of report
Feb 20, 2016
Accepted (ET)
Feb 24, 2016 · 7:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001115128
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 20, 2016 | M | 3,500 | $0.00 | A | 11,671 | D | |
| Common StockF2 | Feb 22, 2016 | S | 1,603 | $8.0784 | D | 10,068 | D | |
| Common Stock | Feb 23, 2016 | S | 948 | $8.80 | D | 9,120 | D | |
| Common Stock | Feb 24, 2016 | S | 495 | $9.07 | D | 8,625 | D | |
| Common StockF4 | Feb 24, 2016 | S | 454 | $9.0723 | D | 8,171 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF5,F6 | $0.00 | Feb 20, 2016 | M | 1,750 | D | — | — | Common Stock | 1,750 | 3,500 | D |
| Restricted Stock UnitF5,F7 | $0.00 | Feb 20, 2016 | M | 1,750 | D | — | — | Common Stock | 1,750 | 5,250 | D |
Explanation of responses
- F1The sales reported on this Form 4 were made by the reporting person pursuant to an Issuer approved "Sales to Cover Plan" in order to cover withholding taxes incident to the vesting of the restricted stock unit.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.58 to $8.46, inclusive. The reporting person undertakes to provide Quotient Technology Inc., any security holder of Quotient Technology 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 range set forth in this footnote.
- F3The sales reported on this Form 4 were made by the reporting person pursuant to a Rule 10b5-1 trading plan adopted on November 24, 2015.
- F4The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.0701 to $9.08, inclusive. The reporting person undertakes to provide Quotient Technology Inc., any security holder of Quotient Technology 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 range set forth in this footnote.
- F5The par value of QUOT common stock is $0.00001 per share.
- F61/4th of the restricted stock unit granted on May 1, 2014 became vested on February 20, 2016 and shares were delivered to reporting person on February 22, 2016. 1/4th of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
- F71/4th of the restricted stock unit granted on February 20, 2015 became vested on February 20, 2016 and shares were delivered to reporting person on February 22, 2016. 1/4th of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.