SEC Form 4 · accession 0000899243-17-014602
Quotient Ltd · QTNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roland Boyd
Officer — See Remarks
Period of report
May 24, 2017
Accepted (ET)
May 26, 2017 · 5:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001596946
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary shares | holding | — | — | — | 16,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F9 | $7.58 | May 24, 2017 | A | 13,000 | A | — | May 23, 2027 | Ordinary Shares | 13,000 | 13,000 | D |
| Multi-year Performance Based Restricted Stock UnitF10 | — | May 24, 2017 | A | 6,000 | A | — | Dec 31, 2019 | Ordinary Shares | 6,000 | 6,000 | D |
| Employee Stock Option (right to buy)F1 | $11.92 | holding | — | — | — | — | May 31, 2026 | Ordinary Shares | 15,000 | 15,000 | D |
| Multi-year Performance Based Restricted Stock UnitsF2 | — | holding | — | — | — | — | Dec 31, 2018 | Ordinary Shares | 15,000 | 15,000 | D |
| Multi-year Performance Based Restricted Stock UnitsF3 | — | holding | — | — | — | — | Dec 31, 2018 | Ordinary Shares | 15,000 | 15,000 | D |
| Employee Stock Option (right to buy)F4 | $15.17 | holding | — | — | — | — | May 19, 2025 | Ordinary Shares | 15,000 | 15,000 | D |
| Employee Stock Option (right to buy)F5 | $8.00 | holding | — | — | — | — | Apr 29, 2024 | Ordinary Shares | 25,000 | 25,000 | D |
| Options to purchase ordinary sharesF6,F7 | — | holding | — | — | — | — | Feb 14, 2023 | Ordinary Shares | 32,000 | 32,000 | D |
| Options to purchase ordinary sharesF8 | $3.29 | holding | — | — | — | — | Jun 27, 2023 | Ordinary Shares | 8,000 | 8,000 | D |
Explanation of responses
- F1The options will vest and become exercisable in three equal annual installments beginning on June 1, 2017.
- F10Each MRSU represents a contingent right to receive one share of Quotient's ordinary shares. The MRSUs vest upon Quotient's ordinary shares achieving a volume weighted average market price of $22.00 per share for 20 consecutive trading days during the period April 1, 2019 to December 31, 2019.
- F2Each Multi-year Performance Based Restricted Stock Unit ("MRSU") represents a contingent right to receive one share of Quotient's ordinary shares. The MRSUs vest upon Quotient's ordinary shares achieving a volume weighted average market price of $40.00 per share for 20 consecutive trading days during the period April 1, 2018 to December 31, 2018.
- F3Each MRSU represents a contingent right to receive one share of Quotient's ordinary shares. The MRSUs vest upon Quotient's ordinary shares achieving a volume weighted average market price of $60.00 per share for 20 consecutive trading days during the period April 1, 2018 to December 31, 2018.
- F410,000 options have vested and remain exercisable, 5,000 will vest on 5/20/2018.
- F5All 25,000 options have vested and remain exercisable.
- F6The exercise price will be paid in pounds sterling, at GBP 0.91 per share.
- F7All 32,000 options have vested and remain exercisable.
- F8All 8,000 options have vested and remain exercisable.
- F9The options will vest and become exercisable in three equal annual installments beginning on May 24, 2018.
Remarks
Group Financial Controller and Treasurer