SEC Form 4 · accession 0001117297-16-000068
QUINSTREET, INC · QNST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory P Sands
Director
Period of report
Jun 2, 2016
Accepted (ET)
Jun 6, 2016 · 5:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001117297
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F2,F1 | $3.67 | Jun 2, 2016 | A | 1,486 | A | — | Jun 1, 2023 | Common Stock | 1,486 | 1,486 | D |
Explanation of responses
- F1The shares of common stock subject to this option are fully vested and exercisable.
- F2Mr. Sands elected to receive options in lieu of cash compensation as consideration for his service as a member of QuinStreet, Inc.'s (the "Company") board of directors and a member of the Company's Nominating and Corporate Governance Committee ("N&G Committee") and Compensation Committee for the quarter ended March 31, 2016. These options represent additional compensation approved by the Company's Compensation Committee on June 2, 2016 in consideration of Mr. Sands' service as acting co-chairperson of the N&G Committee during the quarter ended March 31, 2016, and are in addition to those previously reported on the Reporting Person's Form 4 filed on May 17, 2016. The number of options granted was determined by dividing the cash compensation otherwise payable with respect to the quarter by the Black-Scholes value of a single option calculated as of the date of grant. The election is available to independent directors, is made annually and applies to the entire fiscal year.