SEC Form 4 · accession 0001117297-15-000037
QUINSTREET, INC · QNST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Valenti
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Aug 25, 2015
Accepted (ET)
Aug 27, 2015 · 2:40 pm EDT
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 | Aug 25, 2015 | A | 4,176 | $0.00 | A | 240,114 | D | |
| Common Stock | Aug 25, 2015 | F | 393 | $4.95 | D | 239,721 | D | |
| Common Stock | holding | — | — | — | 2,046,034 | I | by Partnership | |
| Common StockF3 | holding | — | — | — | 6,903 | I | by Son | |
| Common Stock | holding | — | — | — | 3,137,916 | I | by Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents additional shares of common stock issuable pursuant to performance-based Restricted Stock Units (PSUs) earned under the Reporting Person's August 6, 2014 PSU grant and determined following the audit of the Issuer's financial statements for the fiscal year ended June 30, 2015, based on the achievement of certain performance metrics during such fiscal year. These shares are in addition to those previously reported on the Reporting Person's Form 4 filed on July 27, 2015. 25% of these additional shares vested on August 25, 2015, and the remainder vest quarterly thereafter over a period of 3 years.
- F2Exempt transaction pursuant to Section 16b-3 for payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished to the Issuer by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares in this Form 4 for any reason other than to cover required taxes.
- F3Shares held by Mr. Valenti's children.