SEC Form 4 · accession 0000899243-17-024897
Quotient Ltd · QTNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian McDonough
Director
Period of report
Oct 27, 2017
Accepted (ET)
Oct 30, 2017 · 6:29 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 SharesF1 | Oct 27, 2017 | A | 10,493 | $4.64 | A | 33,838 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF1 | $5.80 | Oct 27, 2017 | A | 10,493 | A | Oct 27, 2017 | Jul 31, 2018 | Ordinary Shares | 10,493 | 10,493 | D |
| Ordinary Share Option (Right to Buy)F2 | $8.00 | holding | — | — | — | — | Apr 29, 2024 | Ordinary Shares | 10,000 | 10,000 | D |
| Options to purchase ordinary sharesF3 | — | holding | — | — | — | Nov 14, 2022 | Aug 30, 2022 | Ordinary Shares | 40,029 | 40,029 | D |
| Ordinary Share Option (Right to Buy)F4 | $9.95 | holding | — | — | — | — | Oct 31, 2024 | Ordinary Shares | 5,025 | 5,025 | D |
| Ordinary Share Option (Right to Buy)F5 | $11.62 | holding | — | — | — | — | Oct 31, 2025 | Ordinary Shares | 4,303 | 4,303 | D |
| Restricted Stock UnitsF6,F7 | — | holding | — | — | — | — | — | Ordinary Shares | 1,291 | 1,291 | D |
| Ordinary Share Option (Right to Buy)F8 | $5.73 | holding | — | — | — | — | Oct 31, 2026 | Ordinary Shares | 8,726 | 8,726 | D |
| Restricted Stock UnitsF6,F9 | — | holding | — | — | — | — | — | Ordinary Shares | 5,236 | 5,236 | D |
Explanation of responses
- F1The Reporting Person purchased 10,493 ordinary shares and a warrant to purchase 10,493 ordinary shares from Quotient in a private placement transaction.
- F2All 10,000 options have vested and remain exercisable.
- F3The exercise price will be paid in pounds sterling, at GBP 0.91 per share.
- F43,350 options have vested and remain exercisable, 1,675 options will vest on October 31, 2017.
- F51,434 options vested on October 31, 2016 and remain exercisable, 1,434 options will vest on October 31, 2017, 1,435 options will vest on October 31, 2018.
- F6Restricted Stock Units convert into ordinary shares on a one for one basis.
- F7On October 31, 2015, the reporting person was granted 2,582 restricted stock units, of which 1,291 restricted stock units have vested and been exercised. The remaining 1,291 restricted stock units will vest on October 31, 2017.
- F8The options vest and become exercisable in three equal annual installments beginning October 31, 2017.
- F9On October 31, 2016, the reporting person was granted 5,236 restricted stock units, vesting in two equal installments on October 31, 2017 and October 31, 2018.