SEC Form 4 · accession 0000899243-18-014711
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, 2018
Accepted (ET)
Jun 1, 2018 · 5:33 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF11,F12 | — | May 24, 2018 | A | 10,000 | A | — | — | Ordinary Shares | 10,000 | 10,000 | 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 |
| Employee Stock Option (right to buy)F9 | $7.58 | holding | — | — | — | — | May 23, 2027 | Ordinary Shares | 13,000 | 13,000 | D |
| Multi-year Performance Based Restricted Stock UnitF10 | — | holding | — | — | — | — | Dec 31, 2019 | Ordinary Shares | 6,000 | 6,000 | D |
Explanation of responses
- F110,000 options have vested and remain exercisable and 5,000 options will vest on June 1, 2019.
- 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.
- F11Restricted Stock Units convert into ordinary shares on a one-for-one basis.
- F12On May 24, 2018, the Reporting Person was granted 10,000 Restricted Stock Units, vesting in three equal annual installments beginning May 24, 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.
- F4All 15,000 options have vested and remain exercisable.
- 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.
- F94,333 options vested on May 24, 2018 and remain exercisable, 4,333 options will vest on May 24, 2019, 4,334 options will vest on May 24, 2020.
Remarks
Group Financial Controller and Treasurer