SEC Form 4 · accession 0000899243-18-011012
Quotient Ltd · QTNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Franz Walt
Officer — See Remarks · Director
Period of report
May 1, 2018
Accepted (ET)
May 1, 2018 · 4:30 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 | May 1, 2018 | M | 9,554 | — | A | 9,554 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | May 1, 2018 | M | 9,554 | A | — | — | Ordinary Shares | 9,554 | 47,771 | D |
| Ordinary Share Option (Right to Buy)F2 | $4.41 | holding | — | — | — | — | Feb 19, 2028 | Ordinary Shares | 22,676 | 22,676 | D |
| Ordinary Share Option (Right to Buy)F4 | $4.71 | holding | — | — | — | — | Apr 1, 2028 | Ordinary Shares | 30,000 | 30,000 | D |
Explanation of responses
- F1Restricted Stock Units convert into ordinary shares on a one-for-one basis.
- F2The options vest and become exercisable in three equal installments beginning February 19, 2019.
- F3On April 1, 2018, the reporting person was granted 57,325 restricted stock units, of which 9,554 restricted stock units have vested and have converted to ordinary shares. The remaining 47,771 restricted stock units will vest in five equal installments on June 1, 2018, July 1, 2018, August 1, 2018, September 1, 2018 and October 1, 2018.
- F4The options vest and become exercisable in three equal annual installments beginning April 1, 2019.
Remarks
Interim Chief Executive Officer