SEC Form 4 · accession 0001601045-17-000003
Quotient Technology Inc. · QUOT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Connie Chen
Officer — GC., Secr. and Compliance Off.
Period of report
Jan 4, 2017
Accepted (ET)
Jan 6, 2017 · 4:58 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 | Jan 4, 2017 | M | 18,750 | $0.00 | A | 29,758 | D | |
| Common StockF2 | Jan 5, 2017 | S | 8,010 | $11.0127 | D | 21,748 | D | |
| Common Stokc | Jan 6, 2017 | S | 2,685 | $10.90 | D | 19,063 | 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 | Jan 4, 2017 | M | 18,750 | D | — | — | Common Stock | 18,750 | 56,250 | D |
Explanation of responses
- F1The sales reported on this Form 4 were sold 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 $10.90 to $11.15, 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 sale reported on this Form 4 was made by the reporting person pursuant to a Rule 10b5-1 trading plan adopted on August 17, 2016.
- F4The par value of QUOT common stock is $0.00001 per share.
- F525% of the restricted stock unit granted on January 1, 2016 became vested on January 4, 2017 and shares were delivered to reporting person on such date. 25% of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.