SEC Form 4 · accession 0001033325-16-000006
Quotient Technology Inc. · QUOT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mir Aamir
Officer — President and COO
Period of report
Feb 20, 2016
Accepted (ET)
Feb 24, 2016 · 8:14 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 StockF1 | Feb 20, 2016 | M | 81,250 | $0.00 | A | 397,183 | D | |
| Common StockF3,F1 | Feb 22, 2016 | S | 33,688 | $8.0784 | D | 363,495 | D | |
| Common StockF1 | Feb 23, 2016 | S | 333 | $8.3939 | D | 363,162 | 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 UnitF4,F5 | $0.00 | Feb 20, 2016 | M | 37,500 | D | — | — | Common Stock | 37,500 | 75,000 | D |
| Restricted Stock UnitF4,F6 | $0.00 | Feb 20, 2016 | M | 43,750 | D | — | — | Common Stock | 43,750 | 131,250 | D |
Explanation of responses
- F1Of the shares held by the reporting person, 191,987 shares are represented by restricted stock units which continue to vest in equal annual installments over the next two years.
- F2The 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.
- F3The 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.
- F4The par value of QUOT common stock is $0.00001 per share.
- F51/4th 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 will continue to vest annually and shares will be delivered to reporting person on each vest date.
- F61/4th of the restricted stock unit granted on February 5, 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.