SEC Form 4 · accession 0000950103-18-002308
QUINSTREET, INC · QNST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Valenti
Officer — Chief Executive Officer · Director
Period of report
Feb 16, 2018
Accepted (ET)
Feb 21, 2018 · 5:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001117297
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Feb 16, 2018 | S | 50,000 | $12.5199 | D | 3,923,481 | I | by Trust |
| Common StockF3 | holding | — | — | — | 305,406 | D | ||
| Common StockF3 | holding | — | — | — | 1,432,224 | I | by Partnership | |
| Common StockF4 | holding | — | — | — | 6,903 | I | by Son |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were sold by The Valenti Living Trust pursuant to instructions given to the trustee by the reporting person on November 30, 2017, pursuant to a Rule 10b5-1 trading plan (the "Trust Plan"). The Trust Plan, along with a separate Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2017, were implemented to meet long-term estate planning and diversification objectives of The Valenti Living Trust and the reporting person, and extend over an approximately two year period. The shares sold represent approximately 1% of the shares beneficially owned by the reporting person as of December 31, 2017.
- F2The shares were sold at prices between $12.18 and $12.78. The reporting person will provide upon request to the SEC, the issuer, or security holder of the issuer, full information regarding the number of shares sold at each price.
- F3Reflects shares transferred to The Valenti Living Trust from DJ & TL Valenti Investments, LP and shares transferred to The Valenti Living Trust from the reporting person's direct holdings.
- F4Shares held by Mr. Valenti's children.